IL SB0885 | 2017-2018 | 100th General Assembly

Status

Spectrum: Partisan Bill (Democrat 22-1)
Status: Enrolled on May 31 2017 - 75% progression
Action: 2017-06-29 - Sent to the Governor
Text: Latest bill text (Enrolled) [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.

Tracking Information

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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]

History

DateChamberAction
2017-06-29SenateSent to the Governor
2017-05-31SenatePassed Both Houses
2017-05-31SenateSenate Concurs
2017-05-31SenateHouse Committee Amendment No. 3 Senate Concurs 054-000-000
2017-05-31SenateHouse Committee Amendment No. 2 Senate Concurs 054-000-000
2017-05-31SenateHouse Committee Amendment No. 1 Senate Concurs 054-000-000
2017-05-31SenateHouse Committee Amendment No. 3 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 012-000-000
2017-05-31SenateHouse Committee Amendment No. 2 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 012-000-000
2017-05-31SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 012-000-000
2017-05-31SenateHouse Committee Amendment No. 3 Motion to Concur Assignments Referred to Licensed Activities and Pensions
2017-05-31SenateHouse Committee Amendment No. 2 Motion to Concur Assignments Referred to Licensed Activities and Pensions
2017-05-31SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Licensed Activities and Pensions
2017-05-31SenateHouse Committee Amendment No. 3 Motion to Concur Referred to Assignments
2017-05-31SenateHouse Committee Amendment No. 3 Motion to Concur Filed with Secretary Sen. David Koehler
2017-05-31SenateHouse Committee Amendment No. 2 Motion to Concur Referred to Assignments
2017-05-31SenateHouse Committee Amendment No. 2 Motion to Concur Filed with Secretary Sen. David Koehler
2017-05-31SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
2017-05-31SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. David Koehler
2017-05-31SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1, 2, 3 - May 31, 2017
2017-05-31SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2, 3
2017-05-30HouseAdded Alternate Co-Sponsor Rep. Marcus C. Evans, Jr.
2017-05-30HouseAdded Alternate Co-Sponsor Rep. Camille Y. Lilly
2017-05-30HouseAdded Alternate Co-Sponsor Rep. LaToya Greenwood
2017-05-30HouseAdded Alternate Co-Sponsor Rep. Barbara Flynn Currie
2017-05-30HouseAdded Alternate Co-Sponsor Rep. Michelle Mussman
2017-05-30HouseAdded Alternate Co-Sponsor Rep. Al Riley
2017-05-30HouseThird Reading - Short Debate - Passed 115-000-000
2017-05-26HouseFinal Action Deadline Extended-9(b) May 31, 2017
2017-05-24HousePlaced on Calendar Order of 3rd Reading - Short Debate
2017-05-24HouseSecond Reading - Short Debate
2017-05-24HousePlaced on Calendar 2nd Reading - Short Debate
2017-05-24HouseDo Pass as Amended / Short Debate Judiciary - Civil Committee; 009-000-000
2017-05-24HouseHouse Committee Amendment No. 3 Adopted in Judiciary - Civil Committee; by Voice Vote
2017-05-24HouseHouse Committee Amendment No. 2 Adopted in Judiciary - Civil Committee; by Voice Vote
2017-05-24HouseHouse Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
2017-05-24HouseReported Back To Judiciary - Civil Committee;
2017-05-24HouseRecommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000
2017-05-23HouseHouse Committee Amendment No. 3 Rules Refers to Judiciary - Civil Committee
2017-05-22HouseHouse Committee Amendment No. 3 Referred to Rules Committee
2017-05-22HouseHouse Committee Amendment No. 3 Filed with Clerk by Rep. Jehan Gordon-Booth
2017-05-19HouseHouse Committee Amendment No. 2 Committee Deadline Extended-Rule 9(b) May 26, 2017
2017-05-19HouseHouse Committee Amendment No. 1 Committee Deadline Extended-Rule 9(b) May 26, 2017
2017-05-19HouseCommittee Deadline Extended-Rule 9(b) May 26, 2017
2017-05-18HouseAdded Alternate Chief Co-Sponsor Rep. Carol Ammons
2017-05-18HouseAdded Alternate Chief Co-Sponsor Rep. Michael Halpin
2017-05-18HouseHouse Committee Amendment No. 2 Rules Refers to Judiciary - Civil Committee
2017-05-18HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
2017-05-17HouseHouse Committee Amendment No. 2 Referred to Rules Committee
2017-05-17HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Jehan Gordon-Booth
2017-05-17HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2017-05-17HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jehan Gordon-Booth
2017-05-17HouseAdded Alternate Chief Co-Sponsor Rep. La Shawn K. Ford
2017-05-16HouseTo Real & Personal Property Law Subcommittee
2017-05-15HouseAdded Alternate Co-Sponsor Rep. Emanuel Chris Welch
2017-05-15HouseAssigned to Judiciary - Civil Committee
2017-05-11HouseAdded Alternate Chief Co-Sponsor Rep. Margo McDermed
2017-05-09HouseReferred to Rules Committee
2017-05-09HouseFirst Reading
2017-05-03HouseChief House Sponsor Rep. Jehan Gordon-Booth
2017-05-03HouseArrived in House
2017-05-03SenateThird Reading - Passed; 037-019-000
2017-05-03SenateAdded as Co-Sponsor Sen. Ira I. Silverstein
2017-05-03SenateAdded as Co-Sponsor Sen. Mattie Hunter
2017-05-03SenatePlaced on Calendar Order of 3rd Reading
2017-05-03SenateSenate Floor Amendment No. 1 Adopted; Koehler
2017-05-03SenateRecalled to Second Reading
2017-04-28SenateRule 2-10 Third Reading Deadline Established As May 31, 2017
2017-04-27SenateSenate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 008-003-000
2017-04-26SenatePlaced on Calendar Order of 3rd Reading April 27, 2017
2017-04-26SenateSecond Reading
2017-04-25SenateAdded as Co-Sponsor Sen. Linda Holmes
2017-04-07SenateAdded as Co-Sponsor Sen. Melinda Bush
2017-04-06SenateSenate Floor Amendment No. 1 Postponed - Judiciary
2017-04-05SenateSenate Floor Amendment No. 1 Assignments Refers to Judiciary
2017-04-04SenateSenate Floor Amendment No. 1 Referred to Assignments
2017-04-04SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. David Koehler
2017-03-15SenatePlaced on Calendar Order of 2nd Reading March 16, 2017
2017-03-15SenateDo Pass Judiciary; 011-000-000
2017-03-09SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
2017-03-02SenateAdded as Co-Sponsor Sen. Cristina Castro
2017-03-01SenatePostponed - Judiciary
2017-02-16SenateAdded as Chief Co-Sponsor Sen. James F. Clayborne, Jr.
2017-02-16SenatePostponed - Judiciary
2017-02-09SenateAdded as Co-Sponsor Sen. Bill Cunningham
2017-02-08SenateAssigned to Judiciary
2017-02-08SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez
2017-02-08SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
2017-02-07SenateReferred to Assignments
2017-02-07SenateFirst Reading
2017-02-07SenateFiled with Secretary by Sen. David Koehler

Code Citations

ChapterArticleSectionCitation TypeStatute Text
735515-1106Amended CodeCitation Text
76560518Amended CodeCitation Text
76560518.5Amended CodeCitation Text
76570ActRepealed CodeCitation Text
76575ActRepealed CodeCitation Text

Illinois State Sources

TypeSource
Summaryhttp://www.ilga.gov/legislation/BillStatus.asp?DocNum=885&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Texthttp://www.ilga.gov/legislation/100/SB/10000SB0885.htm
Texthttp://www.ilga.gov/legislation/100/SB/10000SB0885eng.htm
Texthttp://www.ilga.gov/legislation/100/SB/10000SB0885enr.htm
Amendmenthttp://www.ilga.gov/legislation/100/SB/10000SB0885sam001.htm
Amendmenthttp://www.ilga.gov/legislation/100/SB/10000SB0885ham001.htm
Amendmenthttp://www.ilga.gov/legislation/100/SB/10000SB0885ham002.htm
Amendmenthttp://www.ilga.gov/legislation/100/SB/10000SB0885ham003.htm
Roll Callhttp://www.ilga.gov/legislation/votehistory/100/senate/10000SB0885_05032017_016000T.pdf
Roll Callhttp://www.ilga.gov/legislation/votehistory/100/house/10000SB0885_05302017_069000T.pdf
Roll Callhttp://www.ilga.gov/legislation/votehistory/100/senate/10000SB0885_05312017_089002C.pdf
Roll Callhttp://www.ilga.gov/legislation/votehistory/100/senate/10000SB0885_05312017_089001C.pdf
Roll Callhttp://www.ilga.gov/legislation/votehistory/100/senate/10000SB0885_05312017_089000C.pdf

Bill Comments

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