Bill Title: Amends the Eviction Article of the Code of Civil Procedure. Deletes language that precludes an eviction action in the case of a vendee obtaining possession under a written or verbal agreement to purchase lands or tenements, failing to comply with the agreement, and withholding possession thereof, where the purchase price is to be paid in installments over a period in excess of 5 years and the amount unpaid under the terms of the contract at the time of the filing of a foreclosure complaint is less than 80% of the original purchase price. Provides instead that any agreement for residential real estate that is an installment sales contract 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 80% of the original purchase price of the real estate as stated in the contract is subject to foreclosure. Effective immediately.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2021-07-09 - Public Act . . . . . . . . . 102-0071 [SB0071 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2021-07-12	HTML/Text	Link	View
Enrolled	2021-05-21	HTML/Text	Link	View
Engrossed	2021-04-22	HTML/Text	Link	View
Introduced	2021-01-29	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB0071

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0071 currently on file.

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