SB 1622

  • Illinois Senate Bill
  • 94th Regular Session
  • Introduced in Senate Apr 08, 2005
  • Passed Senate Apr 08, 2005
  • House
  • Governor

Residential Property Home Act

Abstract

Creates the Residential Real Property Homestead Exemptions Disclosure Act. Requires the sellers of residential real property to disclose to the buyers of the property the amount of each homestead exemption that applies to the seller's ownership of the property. Sets forth the requirements and procedures for making the disclosure. Provides that a buyer may void the sales contract if the disclosure is defective. Provides that no action for a violation of the Act may be commenced more than one year after the date of the buyers occupancy or the date that the instrument of conveyance is recorded, whichever is less. Requires a copy of this Act must be included with each disclosure. Contains other provisions. Effective immediately.

Bill Sponsors (1)

Votes


Actions


Jan 09, 2007

Senate

Session Sine Die

May 13, 2005

House

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

Apr 20, 2005

House

Assigned to Executive Committee

Apr 11, 2005

House

Chief House Sponsor Rep. Susana A Mendoza

House

Referred to Rules Committee

House

First Reading

Apr 08, 2005

Senate

Third Reading - Passed; 057-000-000

House

Placed on Calendar Order of First Reading

House

Arrived in House

Senate

Added as Chief Co-Sponsor Sen. Iris Y. Martinez

Apr 07, 2005

Senate

Second Reading

Senate

Placed on Calendar Order of 3rd Reading April 8, 2005

Mar 16, 2005

Senate

Placed on Calendar Order of 2nd Reading March 17, 2005

Senate

Do Pass as Amended Housing & Community Affairs; 009-000-000

Mar 15, 2005

Senate

Senate Committee Amendment No. 1 Rules Refers to Housing & Community Affairs

Senate

Senate Committee Amendment No. 1 Adopted

Mar 09, 2005

Senate

Postponed - Housing & Community Affairs

Senate

Senate Committee Amendment No. 1 Referred to Rules

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Edward D. Maloney

Mar 02, 2005

Senate

Assigned to Housing & Community Affairs

Feb 23, 2005

Senate

Filed with Secretary by Sen. Edward D. Maloney

Senate

Referred to Rules

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML

Related Documents

Document Format
Senate Amendment 001

Sources

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