IL SB3747 | 2009-2010 | 96th General Assembly

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on July 27 2010 - 100% progression
Action: 2010-07-27 - Public Act . . . . . . . . . 96-1345
Text: Latest bill text (Enrolled) [HTML]

Summary

Creates the Transfer Fee Covenant Act. States legislative findings and declares that transfer fee covenants violate the public policy of favoring the transferability of real property free of unreasonable restraints. Defines transfer, transfer fee, and transfer fee covenant. Provides that a transfer fee covenant or a lien to secure the payment of a transfer fee that is recorded after the effective date is void, unenforceable, and does not run with the title to the real property. Provides that it cannot be presumed that the provisions of this Act mean that a transfer fee covenant or lien recorded before the effective date is valid and enforceable.

Tracking Information

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Title

TRANSFER FEE COVENANT ACT

Sponsors


Roll Calls

2010-05-04 - Senate - Concurrence in Senate (Y: 53 N: 0 NV: 6 Abs: 0) [PASS]
2010-04-29 - House - Third Reading in House (Y: 115 N: 1 NV: 0 Abs: 0) [PASS]
2010-03-15 - Senate - Third Reading in Senate (Y: 46 N: 0 NV: 13 Abs: 0) [PASS]

History

DateChamberAction
2010-07-27 Public Act . . . . . . . . . 96-1345
2010-07-27 Effective Date January 1, 2011
2010-07-27 Governor Approved
2010-06-02 Sent to the Governor
2010-05-04 Passed Both Houses
2010-05-04 House Committee Amendment No. 1 Senate Concurs 053-000-002
2010-05-04 House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary; 009-000-000
2010-05-03 House Committee Amendment No. 1 Motion to Concur Assignments Referred to Judiciary
2010-05-03 House Committee Amendment No. 1 Motion to Concur Referred to Assignments
2010-05-03 House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. A. J. Wilhelmi
2010-04-30 Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 3, 2010
2010-04-30 Secretary's Desk - Concurrence House Amendment(s) 1
2010-04-29 Third Reading - Short Debate - Passed 115-001-000
2010-04-23 Placed on Calendar Order of 3rd Reading - Short Debate
2010-04-23 Second Reading - Short Debate
2010-04-21 Placed on Calendar 2nd Reading - Short Debate
2010-04-21 Do Pass as Amended / Short Debate Judiciary I - Civil Law Committee; 017-000-000
2010-04-21 House Committee Amendment No. 1 Adopted in Judiciary I - Civil Law Committee; by Voice Vote
2010-04-21 House Committee Amendment No. 1 Filed with Clerk by Judiciary I - Civil Law Committee
2010-04-08 Assigned to Judiciary I - Civil Law Committee
2010-03-25 Added Alternate Co-Sponsor Rep. Franco Coladipietro
2010-03-23 Added Alternate Co-Sponsor Rep. Randy Ramey, Jr.
2010-03-23 Added Alternate Chief Co-Sponsor Rep. Carol A. Sente
2010-03-23 Added Alternate Chief Co-Sponsor Rep. Linda Chapa LaVia
2010-03-16 Referred to Rules Committee
2010-03-16 First Reading
2010-03-16 Added Alternate Chief Co-Sponsor Rep. Robert W. Pritchard
2010-03-16 Placed on Calendar Order of First Reading
2010-03-16 Chief House Sponsor Rep. John A. Fritchey
2010-03-16 Arrived in House
2010-03-15 Third Reading - Passed; 046-000-000
2010-03-15 Added as Chief Co-Sponsor Sen. Toi W. Hutchinson
2010-03-11 Placed on Calendar Order of 3rd Reading March 12, 2010
2010-03-11 Second Reading
2010-03-03 Placed on Calendar Order of 2nd Reading March 4, 2010
2010-03-03 Do Pass Judiciary; 008-000-000
2010-02-25 Added as Chief Co-Sponsor Sen. Dale A. Righter
2010-02-25 Added as Chief Co-Sponsor Sen. Kirk W. Dillard
2010-02-24 Assigned to Judiciary
2010-02-11 Referred to Assignments
2010-02-11 First Reading
2010-02-11 Filed with Secretary by Sen. A. J. Wilhelmi

Illinois State Sources


Bill Comments

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