GA96HB348 96 HB 348 CREDIT UNIONS-REGULATIONS Amends the Illinois Credit Union Act. Provides that in determining the appropriate balance in the allowance for loan losses account, a credit union may determine its historical loss rate using a defined period of time of less than 5 years, provided that specified criteria are met. Provides that shares issued in trust may serve as the subscription to a share required under specified provisions for a trustee having the same social security number as the grantor. Contains provisions concerning marketing of services by a credit union. Provides that credit unions may make residential real estate mortgage loans on terms and conditions established by the United States Department of Agriculture through its Rural Development Housing and Community Facilities Program and that the portion of any loan in excess of the appraised value of the real estate shall be allocable only to the guarantee fee required under the program. Imposes conditions on any rulemaking authority. Effective immediately. http://www.ilga.gov/legislation/BillStatus.asp?DocNum=348&GAID=10&DocTypeID=HB&LegId=40541&SessionID=76&GA=96 2009-01-26 00:00:00 House Filed with the Clerk by Rep. Thomas Holbrook 0 0 2009-01-27 00:00:00 House First Reading 1 1 2009-01-27 00:00:00 House Referred to Rules Committee 0 2 HRUL 2009-02-11 00:00:00 House Assigned to Financial Institutions Committee 0 3 HFIN 2009-02-18 00:00:00 House House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee 0 4 HFIN 2009-05-07 00:00:00 Senate Placed on Calendar Order of 3rd Reading May 12, 2009 0 26 2009-05-13 00:00:00 Senate Added as Alternate Co-Sponsor Sen. Bill Brady 0 27 2009-05-13 00:00:00 Senate Third Reading - Passed; 056-000-001 1 28 2009-08-07 00:00:00 House Public Act . . . . . . . . . 96-0141 1 33 2009-08-07 00:00:00 House Governor Approved 0 31 2009-08-07 00:00:00 House Effective Date August 7, 2009 0 32 2009-06-11 00:00:00 House Sent to the Governor 0 30 2009-05-13 00:00:00 House Passed Both Houses 0 29 2009-04-30 00:00:00 Senate Added as Alternate Chief Co-Sponsor Sen. David Koehler 0 24 2009-05-07 00:00:00 Senate Second Reading 1 25 2009-04-30 00:00:00 Senate Placed on Calendar Order of 2nd Reading May 5, 2009 0 23 2009-03-06 00:00:00 Senate First Reading 1 19 2009-03-06 00:00:00 Senate Referred to Assignments 0 20 SCOA 2009-04-22 00:00:00 Senate Assigned to Financial Institutions 0 21 SFIC 2009-04-30 00:00:00 Senate Do Pass Financial Institutions; 011-000-000 0 22 SFIC 2009-02-24 00:00:00 House Placed on Calendar Order of 3rd Reading - Short Debate 0 13 2009-03-03 00:00:00 House Added Co-Sponsor Rep. Lisa M. Dugan 0 14 2009-03-03 00:00:00 House Third Reading - Short Debate - Passed 070-034-000 1 15 2009-03-04 00:00:00 Senate Arrive in Senate 0 16 2009-03-04 00:00:00 Senate Placed on Calendar Order of First Reading March 5, 2009 0 17 2009-03-05 00:00:00 Senate Chief Senate Sponsor Sen. William R. Haine 0 18 2009-02-24 00:00:00 House Second Reading - Short Debate 1 12 2009-02-19 00:00:00 House Added Chief Co-Sponsor Rep. Daniel V. Beiser 0 11 2009-02-19 00:00:00 House Added Chief Co-Sponsor Rep. Patrick J. Verschoore 0 10 2009-02-19 00:00:00 House Placed on Calendar 2nd Reading - Short Debate 0 7 2009-02-19 00:00:00 House Added Chief Co-Sponsor Rep. Bill Mitchell 0 8 2009-02-19 00:00:00 House Added Chief Co-Sponsor Rep. Michael K. Smith 0 9 2009-02-18 00:00:00 House Do Pass as Amended / Short Debate Financial Institutions Committee; 019-000-000 0 6 HFIN 2009-02-18 00:00:00 House House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote 0 5 HFIN DavidKoehler Senate Chief Co-Sponsor DanielVBeiser House Chief Co-Sponsor PatrickJVerschoore House Chief Co-Sponsor MichaelKSmith House Chief Co-Sponsor BillMitchell House Chief Co-Sponsor ThomasHolbrook House Chief Sponsor WilliamRHaine Senate Chief Sponsor