Mark Walker
- Democratic
- Senator
- District 27
Primary
Amends the Mortgage Act. Adds a person authorized by the mortgagor, grantor, heir, legal representative, or assign to the list of those who may request that the mortgagee of real property shall make, execute, and deliver an instrument in writing releasing a mortgage or deed of trust. Provides that if any mortgagee or trustee shall not, within 30 days (rather than "one month") after the payment of the debt secured by the mortgage or trust deed complies with specific requirements, then he or she shall be liable for the sum of $200 to the aggrieved party. Provides that the successor in interest to the mortgagee or trustee shall not be liable for the $200 penalty if he or she complies with specific requirements within 30 days (rather than "one month") after succeeding to the interest.
Public Act . . . . . . . . . 101-0097
Governor Approved
Effective Date January 1, 2020
Sent to the Governor
Third Reading - Passed; 055-000-000
Passed Both Houses
Placed on Calendar Order of 3rd Reading May 15, 2019
Second Reading
Placed on Calendar Order of 2nd Reading May 7, 2019
Do Pass Judiciary; 009-000-000
Assigned to Judiciary
First Reading
Third Reading - Short Debate - Passed 111-000-000
Arrive in Senate
Placed on Calendar Order of First Reading
Chief Senate Sponsor Sen. Laura M. Murphy
Referred to Assignments
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Financial Institutions Committee; 015-000-000
Assigned to Financial Institutions Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Mark L. Walker
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act |
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