IL SB0885 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 22-1)
Status: Passed on August 25 2017 - 100% progression
Action: 2017-08-25 - Public Act . . . . . . . . . 100-0416
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 22-1)
Status: Passed on August 25 2017 - 100% progression
Action: 2017-08-25 - Public Act . . . . . . . . . 100-0416
Text: Latest bill text (Chaptered) [HTML]
Summary
Repeals the Dwelling Structure Contract Act and the Dwelling Unit Installment Contract Act. Creates the Installment Sales Contract Act. Adds provisions governing: definitions; terms and conditions of installment sales contracts; applicability of other Acts; sales of condemned dwelling structures; repairs; account statements; transfer of payments; insurance proceeds; unlawful acts; waivers; and penalties. Makes corresponding changes in the Condominium Property Act. Amends the Code of Civil Procedure. Provides that a real estate installment contract for residential real estate is subject to the foreclosure provisions of the Code if the purchase price is to be paid in installments over a period in excess of one year (instead of 5 years) 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 90% (instead of 80%) of the original purchase price of the real estate as stated in the contract. Effective January 1, 2018.
Title
INSTALLMENT SALES CONTRACTS
Sponsors
Roll Calls
2017-05-31 - Senate - Concurrence in Senate (Y: 54 N: 0 NV: 5 Abs: 0) [PASS]
2017-05-31 - Senate - Concurrence in Senate (Y: 54 N: 0 NV: 5 Abs: 0) [PASS]
2017-05-31 - Senate - Concurrence in Senate (Y: 54 N: 0 NV: 5 Abs: 0) [PASS]
2017-05-30 - House - Third Reading in House (Y: 115 N: 0 NV: 1 Abs: 1) [PASS]
2017-05-03 - Senate - Third Reading in Senate (Y: 37 N: 19 NV: 3 Abs: 0) [PASS]
2017-05-31 - Senate - Concurrence in Senate (Y: 54 N: 0 NV: 5 Abs: 0) [PASS]
2017-05-31 - Senate - Concurrence in Senate (Y: 54 N: 0 NV: 5 Abs: 0) [PASS]
2017-05-30 - House - Third Reading in House (Y: 115 N: 0 NV: 1 Abs: 1) [PASS]
2017-05-03 - Senate - Third Reading in Senate (Y: 37 N: 19 NV: 3 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2017-08-25 | Senate | Public Act . . . . . . . . . 100-0416 |
| 2017-08-25 | Senate | Effective Date January 1, 2018 |
| 2017-08-25 | Senate | Governor Approved |
| 2017-06-29 | Senate | Sent to the Governor |
| 2017-05-31 | Senate | Passed Both Houses |
| 2017-05-31 | Senate | Senate Concurs |
| 2017-05-31 | Senate | House Committee Amendment No. 3 Senate Concurs 054-000-000 |
| 2017-05-31 | Senate | House Committee Amendment No. 2 Senate Concurs 054-000-000 |
| 2017-05-31 | Senate | House Committee Amendment No. 1 Senate Concurs 054-000-000 |
| 2017-05-31 | Senate | House Committee Amendment No. 3 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 012-000-000 |
| 2017-05-31 | Senate | House Committee Amendment No. 2 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 012-000-000 |
| 2017-05-31 | Senate | House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 012-000-000 |
| 2017-05-31 | Senate | House Committee Amendment No. 3 Motion to Concur Assignments Referred to Licensed Activities and Pensions |
| 2017-05-31 | Senate | House Committee Amendment No. 2 Motion to Concur Assignments Referred to Licensed Activities and Pensions |
| 2017-05-31 | Senate | House Committee Amendment No. 1 Motion to Concur Assignments Referred to Licensed Activities and Pensions |
| 2017-05-31 | Senate | House Committee Amendment No. 3 Motion to Concur Referred to Assignments |
| 2017-05-31 | Senate | House Committee Amendment No. 3 Motion to Concur Filed with Secretary Sen. David Koehler |
| 2017-05-31 | Senate | House Committee Amendment No. 2 Motion to Concur Referred to Assignments |
| 2017-05-31 | Senate | House Committee Amendment No. 2 Motion to Concur Filed with Secretary Sen. David Koehler |
| 2017-05-31 | Senate | House Committee Amendment No. 1 Motion to Concur Referred to Assignments |
| 2017-05-31 | Senate | House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. David Koehler |
| 2017-05-31 | Senate | Placed on Calendar Order of Concurrence House Amendment(s) 1, 2, 3 - May 31, 2017 |
| 2017-05-31 | Senate | Secretary's Desk - Concurrence House Amendment(s) 1, 2, 3 |
| 2017-05-30 | House | Added Alternate Co-Sponsor Rep. Marcus C. Evans, Jr. |
| 2017-05-30 | House | Added Alternate Co-Sponsor Rep. Camille Y. Lilly |
| 2017-05-30 | House | Added Alternate Co-Sponsor Rep. LaToya Greenwood |
| 2017-05-30 | House | Added Alternate Co-Sponsor Rep. Barbara Flynn Currie |
| 2017-05-30 | House | Added Alternate Co-Sponsor Rep. Michelle Mussman |
| 2017-05-30 | House | Added Alternate Co-Sponsor Rep. Al Riley |
| 2017-05-30 | House | Third Reading - Short Debate - Passed 115-000-000 |
| 2017-05-26 | House | Final Action Deadline Extended-9(b) May 31, 2017 |
| 2017-05-24 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2017-05-24 | House | Second Reading - Short Debate |
| 2017-05-24 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2017-05-24 | House | Do Pass as Amended / Short Debate Judiciary - Civil Committee; 009-000-000 |
| 2017-05-24 | House | House Committee Amendment No. 3 Adopted in Judiciary - Civil Committee; by Voice Vote |
| 2017-05-24 | House | House Committee Amendment No. 2 Adopted in Judiciary - Civil Committee; by Voice Vote |
| 2017-05-24 | House | House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote |
| 2017-05-24 | House | Reported Back To Judiciary - Civil Committee; |
| 2017-05-24 | House | Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000 |
| 2017-05-23 | House | House Committee Amendment No. 3 Rules Refers to Judiciary - Civil Committee |
| 2017-05-22 | House | House Committee Amendment No. 3 Referred to Rules Committee |
| 2017-05-22 | House | House Committee Amendment No. 3 Filed with Clerk by Rep. Jehan Gordon-Booth |
| 2017-05-19 | House | House Committee Amendment No. 2 Committee Deadline Extended-Rule 9(b) May 26, 2017 |
| 2017-05-19 | House | House Committee Amendment No. 1 Committee Deadline Extended-Rule 9(b) May 26, 2017 |
| 2017-05-19 | House | Committee Deadline Extended-Rule 9(b) May 26, 2017 |
| 2017-05-18 | House | Added Alternate Chief Co-Sponsor Rep. Carol Ammons |
| 2017-05-18 | House | Added Alternate Chief Co-Sponsor Rep. Michael Halpin |
| 2017-05-18 | House | House Committee Amendment No. 2 Rules Refers to Judiciary - Civil Committee |
| 2017-05-18 | House | House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee |
| 2017-05-17 | House | House Committee Amendment No. 2 Referred to Rules Committee |
| 2017-05-17 | House | House Committee Amendment No. 2 Filed with Clerk by Rep. Jehan Gordon-Booth |
| 2017-05-17 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2017-05-17 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Jehan Gordon-Booth |
| 2017-05-17 | House | Added Alternate Chief Co-Sponsor Rep. La Shawn K. Ford |
| 2017-05-16 | House | To Real & Personal Property Law Subcommittee |
| 2017-05-15 | House | Added Alternate Co-Sponsor Rep. Emanuel Chris Welch |
| 2017-05-15 | House | Assigned to Judiciary - Civil Committee |
| 2017-05-11 | House | Added Alternate Chief Co-Sponsor Rep. Margo McDermed |
| 2017-05-09 | House | Referred to Rules Committee |
| 2017-05-09 | House | First Reading |
| 2017-05-03 | House | Chief House Sponsor Rep. Jehan Gordon-Booth |
| 2017-05-03 | House | Arrived in House |
| 2017-05-03 | Senate | Third Reading - Passed; 037-019-000 |
| 2017-05-03 | Senate | Added as Co-Sponsor Sen. Ira I. Silverstein |
| 2017-05-03 | Senate | Added as Co-Sponsor Sen. Mattie Hunter |
| 2017-05-03 | Senate | Placed on Calendar Order of 3rd Reading |
| 2017-05-03 | Senate | Senate Floor Amendment No. 1 Adopted; Koehler |
| 2017-05-03 | Senate | Recalled to Second Reading |
| 2017-04-28 | Senate | Rule 2-10 Third Reading Deadline Established As May 31, 2017 |
| 2017-04-27 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 008-003-000 |
| 2017-04-26 | Senate | Placed on Calendar Order of 3rd Reading April 27, 2017 |
| 2017-04-26 | Senate | Second Reading |
| 2017-04-25 | Senate | Added as Co-Sponsor Sen. Linda Holmes |
| 2017-04-07 | Senate | Added as Co-Sponsor Sen. Melinda Bush |
| 2017-04-06 | Senate | Senate Floor Amendment No. 1 Postponed - Judiciary |
| 2017-04-05 | Senate | Senate Floor Amendment No. 1 Assignments Refers to Judiciary |
| 2017-04-04 | Senate | Senate Floor Amendment No. 1 Referred to Assignments |
| 2017-04-04 | Senate | Senate Floor Amendment No. 1 Filed with Secretary by Sen. David Koehler |
| 2017-03-15 | Senate | Placed on Calendar Order of 2nd Reading March 16, 2017 |
| 2017-03-15 | Senate | Do Pass Judiciary; 011-000-000 |
| 2017-03-09 | Senate | Added as Chief Co-Sponsor Sen. Kimberly A. Lightford |
| 2017-03-02 | Senate | Added as Co-Sponsor Sen. Cristina Castro |
| 2017-03-01 | Senate | Postponed - Judiciary |
| 2017-02-16 | Senate | Added as Chief Co-Sponsor Sen. James F. Clayborne, Jr. |
| 2017-02-16 | Senate | Postponed - Judiciary |
| 2017-02-09 | Senate | Added as Co-Sponsor Sen. Bill Cunningham |
| 2017-02-08 | Senate | Assigned to Judiciary |
| 2017-02-08 | Senate | Added as Chief Co-Sponsor Sen. Iris Y. Martinez |
| 2017-02-08 | Senate | Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins |
| 2017-02-07 | Senate | Referred to Assignments |
| 2017-02-07 | Senate | First Reading |
| 2017-02-07 | Senate | Filed with Secretary by Sen. David Koehler |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 735 | 5 | 15-1106 | Amended Code | Citation Text |
| 765 | 605 | 18 | Amended Code | Citation Text |
| 765 | 605 | 18.5 | Amended Code | Citation Text |
| 765 | 70 | Act | Repealed Code | Citation Text |
| 765 | 75 | Act | Repealed Code | Citation Text |
