IL HB5735 | 2009-2010 | 96th General Assembly
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 12)
Status: Passed on July 23 2010 - 100% progression
Action: 2010-07-23 - Public Act . . . . . . . . . 96-1245
Text: Latest bill text (Enrolled) [HTML]
Sponsorship: Partisan Bill (Democrat 12)
Status: Passed on July 23 2010 - 100% progression
Action: 2010-07-23 - Public Act . . . . . . . . . 96-1245
Text: Latest bill text (Enrolled) [HTML]
Summary
Amends the Mortgage Foreclosure Article of the Code of Civil Procedure. Defines "loss mitigation" as a program or mechanism designed to maximize the opportunity for a mortgagor to retain ownership of the mortgaged real estate and cure delinquencies on his or her mortgage or for a mortgagor and mortgagee to mitigate losses that would result from foreclosure by using alternatives to foreclosure. Provides that a foreclosure complaint shall include a statement as to loss mitigation. Provides that a judgment of foreclosure shall include a finding by the court that the mortgagee has complied with applicable loss mitigation requirements or there are no applicable loss mitigation requirements, and provides that if the court finds that the mortgagee has not complied with applicable loss mitigation requirements, the court shall stay the matter until the court determines that the mortgagee has complied with those requirements. Adds failure by the mortgagee to fulfill applicable loss mitigation requirements as a condition under which the court shall not enter an order confirming a judicial sale.
Title
FORECLOSURE-LOSS MITIGATION
Sponsors
Roll Calls
2010-04-27 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]
2010-03-26 - House - Third Reading in House (Y: 79 N: 14 NV: 6 Abs: 0) [PASS]
2010-03-26 - House - Third Reading in House (Y: 79 N: 14 NV: 6 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2010-07-23 | Public Act . . . . . . . . . 96-1245 | |
| 2010-07-23 | Effective Date July 23, 2010 | |
| 2010-07-23 | Governor Approved | |
| 2010-05-26 | Sent to the Governor | |
| 2010-04-27 | Passed Both Houses | |
| 2010-04-27 | Third Reading - Passed; 056-000-000 | |
| 2010-04-27 | Added as Alternate Co-Sponsor Sen. Toi W. Hutchinson | |
| 2010-04-27 | Added as Alternate Co-Sponsor Sen. Mattie Hunter | |
| 2010-04-23 | Added as Alternate Co-Sponsor Sen. Michael Bond | |
| 2010-04-22 | Added as Alternate Chief Co-Sponsor Sen. Linda Holmes | |
| 2010-04-21 | Placed on Calendar Order of 3rd Reading April 22, 2010 | |
| 2010-04-21 | Second Reading | |
| 2010-04-21 | Added as Alternate Co-Sponsor Sen. Martin A. Sandoval | |
| 2010-04-14 | Added as Alternate Chief Co-Sponsor Sen. Kwame Raoul | |
| 2010-04-14 | Placed on Calendar Order of 2nd Reading April 15, 2010 | |
| 2010-04-14 | Do Pass Judiciary; 009-000-000 | |
| 2010-04-07 | Added as Alternate Chief Co-Sponsor Sen. M. Maggie Crotty | |
| 2010-04-06 | Assigned to Judiciary | |
| 2010-04-06 | Referred to Assignments | |
| 2010-04-06 | First Reading | |
| 2010-04-06 | Chief Senate Sponsor Sen. Jacqueline Y. Collins | |
| 2010-04-06 | Placed on Calendar Order of First Reading | |
| 2010-04-06 | Arrive in Senate | |
| 2010-03-26 | Third Reading - Standard Debate - Passed 079-014-000 | |
| 2010-03-25 | Added Co-Sponsor Rep. LaShawn K. Ford | |
| 2010-03-25 | Added Co-Sponsor Rep. Cynthia Soto | |
| 2010-03-25 | Placed on Calendar Order of 3rd Reading - Standard Debate | |
| 2010-03-25 | House Floor Amendment No. 2 Adopted by Voice Vote | |
| 2010-03-25 | Second Reading - Standard Debate | |
| 2010-03-24 | House Floor Amendment No. 2 Recommends Be Adopted Judiciary I - Civil Law Committee; 016-000-000 | |
| 2010-03-24 | Chief Sponsor Changed to Rep. Al Riley | |
| 2010-03-24 | House Floor Amendment No. 2 Rules Refers to Judiciary I - Civil Law Committee | |
| 2010-03-23 | House Floor Amendment No. 2 Referred to Rules Committee | |
| 2010-03-23 | House Floor Amendment No. 2 Filed with Clerk by Rep. Deborah L. Graham | |
| 2010-03-10 | Placed on Calendar 2nd Reading - Standard Debate | |
| 2010-03-10 | Do Pass as Amended / Standard Debate Judiciary I - Civil Law Committee; 009-007-000 | |
| 2010-03-10 | House Committee Amendment No. 1 Adopted in Judiciary I - Civil Law Committee; by Voice Vote | |
| 2010-03-10 | House Committee Amendment No. 1 Filed with Clerk by Judiciary I - Civil Law Committee | |
| 2010-02-22 | Assigned to Judiciary I - Civil Law Committee | |
| 2010-02-18 | Added Co-Sponsor Rep. Elaine Nekritz | |
| 2010-02-18 | Added Co-Sponsor Rep. Julie Hamos | |
| 2010-02-11 | Added Co-Sponsor Rep. William Davis | |
| 2010-02-11 | Added Co-Sponsor Rep. Edward J. Acevedo | |
| 2010-02-11 | Added Chief Co-Sponsor Rep. Karen A. Yarbrough | |
| 2010-02-11 | Added Chief Co-Sponsor Rep. Marlow H. Colvin | |
| 2010-02-11 | Added Chief Co-Sponsor Rep. Elizabeth Hernandez | |
| 2010-02-11 | Added Chief Co-Sponsor Rep. William D. Burns | |
| 2010-02-09 | Referred to Rules Committee | |
| 2010-02-09 | First Reading | |
| 2010-02-09 | Filed with the Clerk by Rep. Deborah L. Graham |
