IL SB2730 | 2013-2014 | 98th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 4-0)
Status: Passed on August 26 2014 - 100% progression
Action: 2014-08-26 - Public Act . . . . . . . . . 98-1099
Text: Latest bill text (Chaptered) [HTML]

Summary

Amends the Mortgage Foreclosure Article of the Code of Civil Procedure. Defines "omitted subordinate interest". Provides that certain persons holding real estate encumbered by an omitted subordinate interest may file a strict foreclosure complaint consisting substantially of certain specified information. Provides that subject to the objection of the defendant, the court shall enter a judgment extinguishing the omitted subordinate interest by vesting absolute title to the mortgaged real estate in the plaintiff. Provides procedures by which a holder of an omitted subordinate interest may redeem the interest. Provides that a person whose omitted subordinate interest was not terminated by a prior foreclosure action does not have a right to file a strict foreclosure action. Effective immediately.

Tracking Information

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Title

STRICT FORECLOSURE ACTIONS

Sponsors


Roll Calls

2014-05-30 - Senate - Concurrence in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]
2014-05-29 - House - Third Reading in House (Y: 113 N: 0 NV: 2 Abs: 0) [PASS]
2014-03-04 - Senate - Third Reading in Senate (Y: 51 N: 0 NV: 8 Abs: 0) [PASS]

History

DateChamberAction
2014-08-26SenatePublic Act . . . . . . . . . 98-1099
2014-08-26SenateEffective Date August 26, 2014
2014-08-26SenateGovernor Approved
2014-06-27SenateSent to the Governor
2014-05-30SenatePassed Both Houses
2014-05-30SenateHouse Floor Amendment No. 2 Senate Concurs 057-000-000
2014-05-30SenateHouse Committee Amendment No. 1 Senate Concurs 057-000-000
2014-05-30SenateHouse Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Assignments
2014-05-30SenateHouse Committee Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments
2014-05-29SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments
2014-05-29SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. John G. Mulroe
2014-05-29SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
2014-05-29SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. John G. Mulroe
2014-05-29SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 30, 2014
2014-05-29SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2
2014-05-29HouseThird Reading - Short Debate - Passed 113-000-002
2014-05-28HousePlaced on Calendar Order of 3rd Reading - Short Debate
2014-05-28HouseHouse Floor Amendment No. 2 Adopted
2014-05-23HouseFinal Action Deadline Extended-9(b) May 30, 2014
2014-05-22HouseHeld on Calendar Order of Second Reading - Short Debate
2014-05-22HouseSecond Reading - Short Debate
2014-05-22HouseHouse Floor Amendment No. 2 Recommends Be Adopted Judiciary; 016-000-000
2014-05-21HouseAdded Alternate Chief Co-Sponsor Rep. Jay Hoffman
2014-05-14HouseHouse Floor Amendment No. 2 Rules Refers to Judiciary
2014-05-13HouseHouse Floor Amendment No. 2 Referred to Rules Committee
2014-05-13HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Elaine Nekritz
2014-04-30HousePlaced on Calendar 2nd Reading - Short Debate
2014-04-30HouseDo Pass as Amended / Short Debate Judiciary; 015-000-000
2014-04-30HouseHouse Committee Amendment No. 1 Adopted in Judiciary; by Voice Vote
2014-04-29HouseAdded Alternate Chief Co-Sponsor Rep. Sam Yingling
2014-04-28HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary
2014-04-24HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2014-04-24HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz
2014-04-23HouseAssigned to Judiciary
2014-03-19HouseReferred to Rules Committee
2014-03-19HouseFirst Reading
2014-03-10HouseChief House Sponsor Rep. Elaine Nekritz
2014-03-04HouseArrived in House
2014-03-04SenateThird Reading - Passed; 051-000-000
2014-02-20SenatePlaced on Calendar Order of 3rd Reading February 25, 2014
2014-02-20SenateSecond Reading
2014-02-19SenatePlaced on Calendar Order of 2nd Reading February 20, 2014
2014-02-19SenateDo Pass Judiciary; 012-000-000
2014-02-11SenateAssigned to Judiciary
2014-01-28SenateReferred to Assignments
2014-01-28SenateFirst Reading
2014-01-28SenateFiled with Secretary by Sen. John G. Mulroe

Code Citations

ChapterArticleSectionCitation TypeStatute Text
735515-1603.5New CodeSee Bill Text

Illinois State Sources


Bill Comments

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