IL SB0071 | 2021-2022 | 102nd General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on July 9 2021 - 100% progression
Action: 2021-07-09 - Public Act . . . . . . . . . 102-0071
Text: Latest bill text (Chaptered) [HTML]

Summary

Amends the Eviction Article of the Code of Civil Procedure. Deletes language that precludes an eviction action in the case of a vendee obtaining possession under a written or verbal agreement to purchase lands or tenements, failing to comply with the agreement, and withholding possession thereof, where the purchase price is to be paid in installments over a period in excess of 5 years and the amount unpaid under the terms of the contract at the time of the filing of a foreclosure complaint is less than 80% of the original purchase price. Provides instead that any agreement for residential real estate that is an installment sales contract and the amount unpaid under the terms of the contract at the time of the filing of the foreclosure complaint, including principal and due and unpaid interest, at the rate prior to default, is less than 80% of the original purchase price of the real estate as stated in the contract is subject to foreclosure. Effective immediately.

Tracking Information

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Title

INSTALLMENT SALES CONTRACT

Sponsors


Roll Calls

2021-05-20 - House - Third Reading in House (Y: 115 N: 0 NV: 1 Abs: 1) [PASS]
2021-04-21 - Senate - Motion in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]

History

DateChamberAction
2021-07-09SenatePublic Act . . . . . . . . . 102-0071
2021-07-09SenateEffective Date July 9, 2021
2021-07-09SenateGovernor Approved
2021-06-17SenateSent to the Governor
2021-05-20SenatePassed Both Houses
2021-05-20HouseThird Reading - Short Debate - Passed 115-000-000
2021-05-19HousePlaced on Calendar Order of 3rd Reading - Short Debate
2021-05-19HouseSecond Reading - Short Debate
2021-05-07HousePlaced on Calendar 2nd Reading - Short Debate
2021-05-07HouseRemoved from Consent Calendar Status Rep. Dan Brady
2021-05-05HousePlaced on Calendar 2nd Reading - Consent Calendar
2021-05-05HouseDo Pass / Consent Calendar Judiciary - Civil Committee; 016-000-000
2021-04-28HouseAssigned to Judiciary - Civil Committee
2021-04-23HouseReferred to Rules Committee
2021-04-23HouseFirst Reading
2021-04-22HouseChief House Sponsor Rep. Daniel Didech
2021-04-22HouseArrived in House
2021-04-21SenateThird Reading - Passed; 055-001-000
2021-03-10SenatePlaced on Calendar Order of 3rd Reading ** March 16, 2021
2021-03-10SenateSecond Reading
2021-03-09SenatePlaced on Calendar Order of 2nd Reading March 10, 2021
2021-03-09SenateDo Pass Judiciary; 007-000-000
2021-03-02SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
2021-02-09SenateAssigned to Judiciary
2021-01-29SenateReferred to Assignments
2021-01-29SenateFirst Reading
2021-01-29SenateFiled with Secretary by Sen. David Koehler

Code Citations

ChapterArticleSectionCitation TypeStatute Text
73559-102Amended CodeCitation Text

Illinois State Sources


Bill Comments

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