IL HB4560 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Summary

Amends the Common Interest Association Act. Provides that the purchaser of a unit of a common interest community at a judicial foreclosure sale, other than a mortgagee, must pay the common expenses for the unit, including attorneys' fees, that would have been due during the 12 months before a foreclosure judicial sale or the execution of a deed in lieu of foreclosure and if common expenses are paid at any time, the purchaser, other than the mortgagee, has no obligation to pay any common expenses that accrued before the purchaser acquired title. Amends the Condominium Property Act. Provides that the purchaser of a condominium unit at a judicial foreclosure sale, other than a mortgagee, or a purchaser who acquires title from a mortgagee following a judicial foreclosure sale or the execution of deed in lieu of foreclosure must pay the proportionate share of the unit's common expenses, including attorneys' fees, that would have been due during the 12 months before a judicial sale or execution of a deed in lieu of foreclosure (instead of must pay common expenses, without attorney's fees included, for the 6 months incurred immediately before the filing of an action to collect common expenses) and if the common expenses are paid, the purchaser, other than the mortgagee, has no obligation to pay any common expenses that accrued before the purchaser acquired title. Makes other changes. Effective July 1, 2012.

Tracking Information

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Title

COMMON INTEREST UNIT-CONDO-FEE

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2012-03-09HouseRule 19(a) / Re-referred to Rules Committee
2012-03-09HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
2012-02-27HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary I - Civil Law Committee
2012-02-21HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2012-02-21HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Andr
2012-02-21HouseAssigned to Judiciary I - Civil Law Committee
2012-02-01HouseReferred to Rules Committee
2012-02-01HouseFirst Reading
2012-01-31HouseFiled with the Clerk by Rep. Andr

Code Citations

ChapterArticleSectionCitation TypeStatute Text
7651601-45Amended CodeCitation Text
76560518.5Amended CodeCitation Text
7656059Amended CodeCitation Text

Illinois State Sources


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