SB 1443

  • Illinois Senate Bill
  • 104th Regular Session
  • Introduced in Senate Apr 09, 2025
  • Passed Senate Apr 09, 2025
  • Passed House May 22, 2025
  • Became Law Aug 01, 2025

Mortgage Debt-Release

Abstract

Amends the Mortgage Act. Provides that the Act does not abrogate the Illinois common law that the payment in full of a debt secured by a mortgage extinguishes the lien. Provides that payment in full of a debt secured by a mortgage pursuant to a payoff statement, as defined in the Mortgage Certificate of Release Act, issued by or on behalf of the holder of the indebtedness extinguishes the lien of the mortgage. Effective immediately.

Bill Sponsors (2)

Votes


Actions


Aug 01, 2025

Senate

Public Act . . . . . . . . . 104-0101

Senate

Effective Date August 1, 2025

Senate

Governor Approved

Jun 20, 2025

Senate

Sent to the Governor

May 22, 2025

House

Third Reading - Short Debate - Passed 113-000-000

Senate

Passed Both Houses

House

Placed on Calendar Order of 3rd Reading - Short Debate

May 16, 2025

House

Held on Calendar Order of Second Reading - Short Debate

House

Second Reading - Short Debate

Apr 23, 2025

House

Do Pass / Short Debate Judiciary - Civil Committee; 019-000-000

House

Placed on Calendar 2nd Reading - Short Debate

Apr 17, 2025

House

Assigned to Judiciary - Civil Committee

Apr 10, 2025

House

First Reading

House

Chief House Sponsor Rep. Daniel Didech

House

Referred to Rules Committee

Apr 09, 2025

House

Arrived in House

Senate

Third Reading - Passed; 056-000-000

Senate

Placed on Calendar Order of 3rd Reading

Apr 04, 2025

Senate

Placed on Calendar Order of 3rd Reading **

Feb 27, 2025

Senate

Second Reading

Senate

Placed on Calendar Order of 3rd Reading March 4, 2025

Feb 20, 2025

Senate

Do Pass Judiciary; 006-000-000

Senate

Placed on Calendar Order of 2nd Reading February 25, 2025

Feb 11, 2025

Senate

Assigned to Judiciary

Jan 31, 2025

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Michael E. Hastings

Bill Text

Bill Text Versions Format
Introduced HTML PDF
Engrossed HTML PDF
Enrolled HTML PDF

Related Documents

Document Format
Public Act

Sources

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