IL SB2656 | 2013-2014 | 98th General Assembly

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on August 1 2014 - 100% progression
Action: 2014-08-01 - Public Act . . . . . . . . . 98-0821
Text: Latest bill text (Chaptered) [HTML]

Summary

Amends the Illinois Residential Real Property Transfer on Death Instrument Act. Changes the definition of "residential real estate" by replacing the phrase "units in residential cooperatives; or, condominium units" with "a residential condominium unit" and by providing that residential condominium units include any parking unit or other amenity used with and owned by the owner of the condominium unit. Provides that an agent under a durable power of attorney or other instrument creating an agency does not have the authority to create or revoke a transfer on death instrument on behalf of the owner, but the restriction shall not be construed to prohibit the agent from selling, transferring, or encumbering the residential real estate under the terms of the agency. Provides that an instrument under the Act is effective if it is executed, witnessed, and acknowledged in substantial compliance (rather than "in compliance") with certain provisions of the Act. Provides that a transfer on death instrument is effective without acceptance. Replaces the provisions of a Section concerning the notice of death affidavit. Provides that a beneficiary who takes under a transfer on death instrument may file in the office of the recorder in the county or counties where the residential real estate is located a notice of death affidavit to confirm title following the death of the owner. Adds provisions concerning the required contents of the notice of death affidavit. Provides that the affidavit shall be acknowledged under penalty of perjury before a notary public or person authorized to administer oaths. Provides that the filing of a notice of death affidavit is not a condition to the transfer of title. Provides that a purchaser or mortgagee for value and without notice before the recordation of a lis pendens for an action to set aside or contest the transfer on death instrument for any reason shall take free and clear of any such action or contest. Repeals the Section concerning the statutory form for the notice of death affidavit and acceptance.

Tracking Information

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Title

RESID PROP-TRANSFER ON DEATH

Sponsors


Roll Calls

2014-05-08 - House - Third Reading in House (Y: 107 N: 0 NV: 1 Abs: 0) [PASS]
2014-03-04 - Senate - Third Reading in Senate (Y: 50 N: 0 NV: 9 Abs: 0) [PASS]

History

DateChamberAction
2014-08-01SenatePublic Act . . . . . . . . . 98-0821
2014-08-01SenateEffective Date January 1, 2015
2014-08-01SenateGovernor Approved
2014-06-06SenateSent to the Governor
2014-05-08SenatePassed Both Houses
2014-05-08HouseThird Reading - Short Debate - Passed 107-000-001
2014-05-07HousePlaced on Calendar Order of 3rd Reading - Short Debate
2014-05-07HouseSecond Reading - Short Debate
2014-04-30HousePlaced on Calendar 2nd Reading - Short Debate
2014-04-30HouseDo Pass / Short Debate Judiciary; 015-000-000
2014-04-23HouseAssigned to Judiciary
2014-03-06HouseReferred to Rules Committee
2014-03-06HouseFirst Reading
2014-03-06HouseChief House Sponsor Rep. Elgie R. Sims, Jr.
2014-03-04HouseArrived in House
2014-03-04SenateThird Reading - Passed; 050-000-000
2014-02-27SenatePlaced on Calendar Order of 3rd Reading March 4, 2014
2014-02-27SenateSecond Reading
2014-02-26SenatePlaced on Calendar Order of 2nd Reading February 27, 2014
2014-02-26SenateDo Pass as Amended Judiciary; 010-000-000
2014-02-25SenateSenate Committee Amendment No. 1 Adopted
2014-02-25SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary
2014-02-19SenatePostponed - Judiciary
2014-02-18SenateSenate Committee Amendment No. 1 Referred to Assignments
2014-02-18SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Jason A. Barickman
2014-02-04SenatePostponed - Judiciary
2014-01-29SenateAssigned to Judiciary
2014-01-21SenateReferred to Assignments
2014-01-21SenateFirst Reading
2014-01-21SenateFiled with Secretary by Sen. Jason A. Barickman

Code Citations

ChapterArticleSectionCitation TypeStatute Text
75527100Repealed CodeCitation Text
7552735Amended CodeCitation Text
7552740Amended CodeCitation Text
755275Amended CodeCitation Text
7552750Amended CodeCitation Text
7552765Amended CodeCitation Text
7552775Amended CodeCitation Text
7552790Amended CodeCitation Text

Illinois State Sources


Bill Comments

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