SB 3962

Amends the Department of Professional Regulation Law of the Civil Administrative Code of Illinois. Requires the Department of Financial and Professional Regulation, in consultation with the Sangamon County Board and the City of Springfield, to conduct a study on the lending practices and borrower outcomes within Sangamon County and analyze any information collected in connection with that study. Provides that the study shall encompass all financial institutions and lending entities licensed or regulated by the Department that operate within Sangamon County or are municipally authorized by the City of Springfield. Amends the Department of Transportation Law of the Civil Administrative Code of Illinois. Requires the Department of Transportation, in consultation with the specified entities, to conduct a countywide transit equity analysis study and analyze any information collected in connection with that study. Amends the Affordable Housing Planning and Appeal Act. Requires the Illinois Housing Development Authority, in consultation with the Sangamon County Board and the City of Springfield Office of Planning and Economic Development, to conduct a countywide housing and community revitalization study and analyze any information collected in connection with that study. Establishes reporting requirements related to each study under each of the relevant Acts. Sets a repeal date of December 31, 2029 for the provisions concerning each study under each of those Acts.