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Latest Update: Sunday, October, 12th 2008
CREDIT UNION ACT-MARKETING Amends the Illinois Credit Union Act. Provides that under specified circumstances, a credit union may determine its historical loss rate using a defined period of time of less than 5 years in determining the appropriate balance in the allowance for loan losses account. Allows a credit union to sell to persons within its field of membership negotiable checks, to sell checks and money orders, and to receive international and domestic electronic fund transfers for such persons for a fee. Allows credit unions to make first mortgage real estate loans for more than the estimated market value or appraised value of the real estate securing the loans where secured in full or in part by the insurance or guarantee of the federal government, a state government, or any political subdivision of either. Adds provisions concerning credit contracts. Effective immediately. House Amendment No. 1 Deletes [...] show full description
- 07/01/2008 - Rule 19(b) / Re-referred to Rules Committee
- 05/30/2008 - Senate Committee Amendment No. 1 Motion Filed Non-Concur Rep. Thomas Holbrook
- 05/29/2008 - Arrived in House
- 05/29/2008 - Third Reading - Passed; 057-000-000
- 05/29/2008 - Placed on Calendar Order of Concurrence Senate Amendment(s) 1
show all actions- 07/01/2008 - Rule 19(b) / Re-referred to Rules Committee
- 05/30/2008 - Senate Committee Amendment No. 1 Motion Filed Non-Concur Rep. Thomas Holbrook
- 05/29/2008 - Arrived in House
- 05/29/2008 - Third Reading - Passed; 057-000-000
- 05/29/2008 - Placed on Calendar Order of Concurrence Senate Amendment(s) 1
- 05/28/2008 - Senate Committee Amendment No. 1 Adopted
- 05/28/2008 - Do Pass as Amended Financial Institutions; 008-000-000
- 05/28/2008 - Placed on Calendar Order of 2nd Reading May 28, 2008
- 05/28/2008 - Second Reading
- 05/28/2008 - Placed on Calendar Order of 3rd Reading May 29, 2008
- 05/28/2008 - Added as Alternate Chief Co-Sponsor Sen. Kimberly A. Lightford
- 05/27/2008 - Senate Committee Amendment No. 1 Rules Refers to Financial Institutions
- 05/23/2008 - Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
- 05/23/2008 - Senate Committee Amendment No. 1 Referred to Rules
- 05/22/2008 - Assigned to Financial Institutions
- 05/22/2008 - Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2008
- 05/15/2008 - Rule 2-10 Committee Deadline Established As May 22, 2008; Substantive House Bills Out of Committee
- 05/01/2008 - Arrive in Senate
- 05/01/2008 - Placed on Calendar Order of First Reading
- 05/01/2008 - Chief Senate Sponsor Sen. William R. Haine
- 05/01/2008 - First Reading
- 05/01/2008 - Referred to Rules
- 04/30/2008 - Added Chief Co-Sponsor Rep. Patrick J Verschoore
- 04/30/2008 - Third Reading - Short Debate - Passed 109-000-001
- 04/18/2008 - Final Action Deadline Extended-9(b) May 9, 2008
- 04/16/2008 - Second Reading - Short Debate
- 04/16/2008 - Placed on Calendar Order of 3rd Reading - Short Debate
- 04/08/2008 - House Amendment No. 1 Filed with Clerk by Financial Institutions Committee
- 04/08/2008 - House Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
- 04/08/2008 - Do Pass as Amended / Short Debate Financial Institutions Committee; 015-000-000
- 04/08/2008 - Placed on Calendar 2nd Reading - Short Debate
- 04/08/2008 - Added Chief Co-Sponsor Rep. Mike Boland
- 04/08/2008 - Added Chief Co-Sponsor Rep. Daniel V. Beiser
- 04/08/2008 - Added Chief Co-Sponsor Rep. Michael K. Smith
- 04/02/2008 - Final Action Deadline Extended-9(b) April 18, 2008
- 04/02/2008 - Assigned to Financial Institutions Committee
- 01/18/2008 - First Reading
- 01/18/2008 - Referred to Rules Committee
- 01/17/2008 - Filed with the Clerk by Rep. Thomas Holbrook
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