SB 1657

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate Mar 13, 2019
  • Passed Senate Mar 13, 2019
  • House
  • Governor

Mortgage Act-Authorized Person

Abstract

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.

Bill Sponsors (3)

Votes


Actions


Feb 18, 2020

House

Tabled

House

Motion Prevailed by Voice Vote

Jun 28, 2019

House

Rule 19(a) / Re-referred to Rules Committee

May 31, 2019

House

Final Action Deadline Extended-9(b) June 30, 2019

May 29, 2019

House

Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Mark L. Walker

May 24, 2019

House

Final Action Deadline Extended-9(b) May 31, 2019

May 16, 2019

House

Second Reading - Short Debate

House

Placed on Calendar Order of 3rd Reading - Short Debate

May 02, 2019

House

Placed on Calendar 2nd Reading - Short Debate

Apr 30, 2019

House

Do Pass / Short Debate Financial Institutions Committee; 011-000-000

Apr 09, 2019

House

Assigned to Financial Institutions Committee

Mar 21, 2019

House

First Reading

House

Referred to Rules Committee

Mar 20, 2019

House

Chief House Sponsor Rep. Mark L. Walker

Mar 13, 2019

House

Arrived in House

Senate

Third Reading - Passed; 058-000-000

Mar 06, 2019

Senate

Do Pass Financial Institutions; 009-000-000

Senate

Placed on Calendar Order of 3rd Reading March 7, 2019

Senate

Second Reading

Senate

Placed on Calendar Order of 2nd Reading

Mar 05, 2019

Senate

Added as Co-Sponsor Sen. Jason Plummer

Feb 27, 2019

Senate

Assigned to Financial Institutions

Feb 15, 2019

Senate

Filed with Secretary by Sen. Laura M. Murphy

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML
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Related Documents

Document Format
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Sources

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