HB 2377

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Debt Judgment/Homestead Exempt

Abstract

Amends the Code of Civil Procedure. Requires a summons issued in an action to collect a debt to include a separate notice containing specified language. Provides that the amount of wages that may be applied toward a judgment is limited to the lesser of 10% (rather than 15%) of gross weekly wages or the amount by which disposable earnings for a week exceed the total of 80 (rather than 45) times the State minimum hourly wage or the federal minimum hourly wage, whichever is greater. Provides that the amount of payment owed to or received by the judgment debtor under an independent contractor relationship that may be applied toward a judgment is limited to the lesser of 10% of gross weekly wages or the amount by which disposable earnings for a week exceed the total of 100 times the State minimum hourly wage or the federal minimum hourly wage, whichever is greater. Provides that when assets or income of the judgment debtor not exempt from the satisfaction of a judgment, deduction order, or garnishment are discovered, the court may order the unfreezing or return of wages or assets to the debtor under specified circumstances. Provides that a consumer debt judgment may not (rather than may) be revived and shall expire after 7 years from the date of entry. Provides that every individual is entitled to an estate of homestead to the extent in value of the modern homestead exemption (rather than $15,000) as applied to his or her interest in specified property. Defines "modern homestead exemption" as the greater of $260,000 and the most recently available median sales price of a home in the debtor's metropolitan statistical area or county. Expands the list of personal property that is exempt from judgment, attachment, or distress for rent, including an increase in the value of the property. Provides that with respect to any consumer debt judgment, no person or entity may recover interest accumulated on any indebtedness that the person or entity knew or should have known the cause of action accrued, if an action on that indebtedness is not brought within 5 years after the cause of action accrued. Makes conforming and other changes in the Act and the Illinois Wage Assignment Act.

Bill Sponsors (7)

Votes


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Actions


Apr 24, 2024

House

Added Co-Sponsor Rep. Kam Buckner

Mar 25, 2024

House

Added Co-Sponsor Rep. Joyce Mason

Mar 01, 2024

House

Added Co-Sponsor Rep. Will Guzzardi

Feb 26, 2024

House

Added Co-Sponsor Rep. Kelly M. Cassidy

Mar 20, 2023

House

Added Co-Sponsor Rep. Aaron M. Ortiz

Mar 10, 2023

House

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

Mar 02, 2023

House

Added Co-Sponsor Rep. Ann M. Williams

Feb 21, 2023

House

Assigned to Judiciary - Civil Committee

Feb 14, 2023

House

Filed with the Clerk by Rep. Jennifer Gong-Gershowitz

House

Referred to Rules Committee

House

First Reading

Bill Text

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Introduced HTML PDF

Related Documents

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Sources

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