IL SB2470 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Vehicle Code. Provides that no expedited application shall be accepted or processed for a corrected or duplicate certificate of title that seeks to remove a lienholder unless the applicant surrenders the last issued certificate of title with a completed lien release on the certificate of title. Provides that an expiration date of December 31 of the year in which the lien is satisfied shall be included on each certificate of title. Provides that if a recorded lienholder does not reaffirm a lien and does not respond to a request to verify a lien release letter within 7 calendar days of receipt, the Secretary of State shall process an application for corrected title for the owner of a motor vehicle. Provides that upon extending or refinancing a loan against a passenger motor vehicle of the first division or a motor vehicle of the second division weighing no more than 12,000 pounds, the Secretary may issue a dealer lien release and affirmation of loan certificate of title to a financial institution, or to a lienholder registered in this State that is listed on the certificate of title, that submits an application for title. Effective January 1, 2019.

Tracking Information

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Title

VEH CD-TITLE REAFFIRMATION

Sponsors


History

DateChamberAction
2019-01-09SenateSession Sine Die
2018-04-27SenateRule 3-9(a) / Re-referred to Assignments
2018-04-13SenateRule 2-10 Committee Deadline Established As April 27, 2018
2018-02-07SenateAssigned to Transportation
2018-01-30SenateReferred to Assignments
2018-01-30SenateFirst Reading
2018-01-30SenateFiled with Secretary by Sen. Cristina Castro

Code Citations

ChapterArticleSectionCitation TypeStatute Text
62553-104Amended CodeCitation Text
62553-107Amended CodeCitation Text
62553-203Amended CodeCitation Text
62553-821Amended CodeCitation Text

Illinois State Sources


Bill Comments

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