Bill Text: IL SB2002 | 2011-2012 | 97th General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Code of Civil Procedure. Exempts a municipality with more than one million inhabitants from the requirement that a copy of the notice of foreclosure must be sent to the municipality in which the foreclosed property is located. Effective immediately.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Failed) 2013-01-08 - Session Sine Die [SB2002 Detail]
Download: Illinois-2011-SB2002-Introduced.html
Bill Title: Amends the Code of Civil Procedure. Exempts a municipality with more than one million inhabitants from the requirement that a copy of the notice of foreclosure must be sent to the municipality in which the foreclosed property is located. Effective immediately.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Failed) 2013-01-08 - Session Sine Die [SB2002 Detail]
Download: Illinois-2011-SB2002-Introduced.html
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1 | AN ACT concerning civil law.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Code of Civil Procedure is amended by | ||||||||||||||||||||||||
5 | changing Section 15-1503 as follows:
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6 | (735 ILCS 5/15-1503) (from Ch. 110, par. 15-1503)
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7 | Sec. 15-1503. Notice of Foreclosure. | ||||||||||||||||||||||||
8 | (a) A notice of foreclosure, whether
the foreclosure is | ||||||||||||||||||||||||
9 | initiated by complaint or
counterclaim, made in accordance with | ||||||||||||||||||||||||
10 | this Section and recorded in the
county in which the mortgaged | ||||||||||||||||||||||||
11 | real estate is located shall be constructive
notice of the | ||||||||||||||||||||||||
12 | pendency of the foreclosure to every person claiming an
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13 | interest in or lien on the mortgaged real estate, whose | ||||||||||||||||||||||||
14 | interest or lien
has not been recorded prior to the recording | ||||||||||||||||||||||||
15 | of such notice of foreclosure.
Such notice of foreclosure must | ||||||||||||||||||||||||
16 | be executed by any party or any party's
attorney and shall | ||||||||||||||||||||||||
17 | include (i) the names of all plaintiffs and the case
number, | ||||||||||||||||||||||||
18 | (ii) the court in which the action was brought, (iii) the names | ||||||||||||||||||||||||
19 | of
title holders of record, (iv) a legal description of the | ||||||||||||||||||||||||
20 | real estate
sufficient to identify it with reasonable | ||||||||||||||||||||||||
21 | certainty, (v) a common address
or description of the location | ||||||||||||||||||||||||
22 | of the real estate and (vi) identification
of the mortgage | ||||||||||||||||||||||||
23 | sought to be foreclosed. An incorrect common address or
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1 | description of the location, or an immaterial error in the | ||||||
2 | identification
of a plaintiff or title holder of record, shall | ||||||
3 | not invalidate the lis
pendens effect of the notice under this | ||||||
4 | Section.
A notice which complies with this Section shall be | ||||||
5 | deemed to comply with
Section 2-1901 of the Code of Civil
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6 | Procedure and shall have the same effect as a notice filed | ||||||
7 | pursuant to
that Section; however, a notice which complies with | ||||||
8 | Section 2-1901 shall
not be constructive notice unless it also | ||||||
9 | complies with the requirements of
this Section.
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10 | (b) With respect to residential real estate, a copy of the | ||||||
11 | notice of foreclosure described in subsection (a) of Section | ||||||
12 | 15-1503 shall be sent by first class mail, postage prepaid, to | ||||||
13 | the municipality within the boundary of which the mortgaged | ||||||
14 | real estate is located, or to the county within the boundary of | ||||||
15 | which the mortgaged real estate is located if the mortgaged | ||||||
16 | real estate is located in an unincorporated territory. A | ||||||
17 | municipality or county must clearly publish on its website a | ||||||
18 | single address to which such notice shall be sent. If a | ||||||
19 | municipality or county does not maintain a website, then the | ||||||
20 | municipality or county must publicly post in its main office a | ||||||
21 | single address to which such notice shall be sent. In the event | ||||||
22 | that a municipality or county has not complied with the | ||||||
23 | publication requirement in this subsection (b), then such | ||||||
24 | notice to the municipality or county shall be provided pursuant | ||||||
25 | to Section 2-211 of the Code of Civil Procedure. The notice | ||||||
26 | provisions of this subsection (b) do not apply to any mortgaged |
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1 | real estate located within the boundary of a municipality with | ||||||
2 | more than one million inhabitants. | ||||||
3 | (Source: P.A. 96-856, eff. 3-1-10.)
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4 | Section 99. Effective date. This Act takes effect upon | ||||||
5 | becoming law.
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