Dave Koehler
- Democratic
- Senator
- District 46
Repeals the Dwelling Structure Contract Act and the Dwelling Unit Installment Contract Act. Creates the Installment Sales Contract Act. Adds provisions governing: definitions; terms and conditions of installment sales contracts; applicability of other Acts; sales of condemned dwelling structures; repairs; account statements; transfer of payments; insurance proceeds; unlawful acts; waivers; and penalties. Makes corresponding changes in the Condominium Property Act. Amends the Code of Civil Procedure. Provides that a real estate installment contract for residential real estate is subject to the foreclosure provisions of the Code if the purchase price is to be paid in installments over a period in excess of one year (instead of 5 years) 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 90% (instead of 80%) of the original purchase price of the real estate as stated in the contract. Effective January 1, 2018.
Effective Date January 1, 2018
Public Act . . . . . . . . . 100-0416
Governor Approved
Sent to the Governor
House Committee Amendment No. 2 Senate Concurs 054-000-000
House Committee Amendment No. 1 Senate Concurs 054-000-000
House Committee Amendment No. 3 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 012-000-000
Passed Both Houses
Senate Concurs
House Committee Amendment No. 3 Senate Concurs 054-000-000
House Committee Amendment No. 2 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 012-000-000
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 012-000-000
House Committee Amendment No. 3 Motion to Concur Assignments Referred to Licensed Activities and Pensions
House Committee Amendment No. 2 Motion to Concur Assignments Referred to Licensed Activities and Pensions
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Licensed Activities and Pensions
House Committee Amendment No. 3 Motion to Concur Referred to Assignments
House Committee Amendment No. 3 Motion to Concur Filed with Secretary Sen. David Koehler
House Committee Amendment No. 2 Motion to Concur Referred to Assignments
House Committee Amendment No. 2 Motion to Concur Filed with Secretary Sen. David Koehler
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. David Koehler
Placed on Calendar Order of Concurrence House Amendment(s) 1, 2, 3 - May 31, 2017
Secretary's Desk - Concurrence House Amendment(s) 1, 2, 3
Third Reading - Short Debate - Passed 115-000-000
Added Alternate Co-Sponsor Rep. Marcus C. Evans, Jr.
Added Alternate Co-Sponsor Rep. Camille Y. Lilly
Added Alternate Co-Sponsor Rep. LaToya Greenwood
Added Alternate Co-Sponsor Rep. Barbara Flynn Currie
Added Alternate Co-Sponsor Rep. Michelle Mussman
Added Alternate Co-Sponsor Rep. Al Riley
Final Action Deadline Extended-9(b) May 31, 2017
Reported Back To Judiciary - Civil Committee;
Placed on Calendar Order of 3rd Reading - Short Debate
Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass as Amended / Short Debate Judiciary - Civil Committee; 009-000-000
House Committee Amendment No. 3 Adopted in Judiciary - Civil Committee; by Voice Vote
House Committee Amendment No. 2 Adopted in Judiciary - Civil Committee; by Voice Vote
House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
House Committee Amendment No. 3 Rules Refers to Judiciary - Civil Committee
House Committee Amendment No. 3 Filed with Clerk by Rep. Jehan Gordon-Booth
House Committee Amendment No. 3 Referred to Rules Committee
House Committee Amendment No. 1 Committee Deadline Extended-Rule 9(b) May 26, 2017
House Committee Amendment No. 2 Committee Deadline Extended-Rule 9(b) May 26, 2017
Committee Deadline Extended-Rule 9(b) May 26, 2017
Added Alternate Chief Co-Sponsor Rep. Carol Ammons
House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
House Committee Amendment No. 2 Rules Refers to Judiciary - Civil Committee
Added Alternate Chief Co-Sponsor Rep. Michael Halpin
House Committee Amendment No. 2 Referred to Rules Committee
House Committee Amendment No. 2 Filed with Clerk by Rep. Jehan Gordon-Booth
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Jehan Gordon-Booth
Added Alternate Chief Co-Sponsor Rep. La Shawn K. Ford
To Real & Personal Property Law Subcommittee
Assigned to Judiciary - Civil Committee
Added Alternate Co-Sponsor Rep. Emanuel Chris Welch
Added Alternate Chief Co-Sponsor Rep. Margo McDermed
Referred to Rules Committee
First Reading
Recalled to Second Reading
Chief House Sponsor Rep. Jehan Gordon-Booth
Arrived in House
Third Reading - Passed; 037-019-000
Added as Co-Sponsor Sen. Ira I. Silverstein
Added as Co-Sponsor Sen. Mattie Hunter
Placed on Calendar Order of 3rd Reading
Senate Floor Amendment No. 1 Adopted; Koehler
Rule 2-10 Third Reading Deadline Established As May 31, 2017
Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 008-003-000
Placed on Calendar Order of 3rd Reading April 27, 2017
Second Reading
Added as Co-Sponsor Sen. Linda Holmes
Added as Co-Sponsor Sen. Melinda Bush
Senate Floor Amendment No. 1 Postponed - Judiciary
Senate Floor Amendment No. 1 Assignments Refers to Judiciary
Senate Floor Amendment No. 1 Referred to Assignments
Senate Floor Amendment No. 1 Filed with Secretary by Sen. David Koehler
Do Pass Judiciary; 011-000-000
Placed on Calendar Order of 2nd Reading March 16, 2017
Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
Added as Co-Sponsor Sen. Cristina Castro
Postponed - Judiciary
Postponed - Judiciary
Added as Chief Co-Sponsor Sen. James F. Clayborne, Jr.
Added as Co-Sponsor Sen. Bill Cunningham
Added as Chief Co-Sponsor Sen. Iris Y. Martinez
Assigned to Judiciary
Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
First Reading
Referred to Assignments
Filed with Secretary by Sen. David Koehler
Bill Text Versions | Format |
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Enrolled | HTML |
Engrossed | HTML |
Introduced | HTML |
Document | Format |
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Public Act | |
House Amendment 003 | |
House Amendment 002 | |
House Amendment 001 | |
Senate Amendment 001 |
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