Jacqueline Y. Collins
- Democratic
Primary
Amends the Mortgage Certificate of Release Act. Provides that, if any title insurance company or its duly appointed title insurance agent, knowing the mortgage to be paid pursuant to the lender's written payoff statement, fails to file a certificate of release within one month after the payment of the debt secured by the mortgage or trust deed, the title company shall be liable for and pay to the party aggrieved the sum of $200, for each offense, which may be recovered by the party aggrieved in a civil action together with reasonable attorney's fees. Provides that, in any such action, introduction of a loan payment book or receipt that indicates that the obligation has been paid shall be sufficient evidence to raise a presumption that the obligation has been paid. Provides that, upon a finding for the party aggrieved, the court shall order the title insurance company or its duly appointed title insurance agent, to make, execute, and deliver the certificate of release that complies with the requirements of this Act.
Public Act . . . . . . . . . 95-0691
Effective Date June 1, 2008
Governor Approved
Sent to the Governor
House Committee Amendment No. 1 Senate Concurs 033-019-003
Passed Both Houses
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Financial Institutions; 008-001-000
Added as Chief Co-Sponsor Sen. Mattie Hunter
Added as Chief Co-Sponsor Sen. Kwame Raoul
House Committee Amendment No. 1 Motion to Concur Rules Referred to Financial Institutions
Secretary's Desk - Concurrence House Amendment(s) 01
Fiscal Note Filed from the Illinois Department of Financial and Professional Regulation.
House Committee Amendment No. 1 Motion to Concur Referred to Rules
House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Jacqueline Y. Collins
Added Alternate Co-Sponsor Rep. Richard T. Bradley
Placed on Calendar Order of Concurrence House Amendment(s) 01 - July 27, 2007
Third Reading - Short Debate - Passed 070-043-001
Sponsor Removed Sen. Dan Rutherford
Added Alternate Co-Sponsor Rep. Joseph M. Lyons
Added Alternate Co-Sponsor Rep. Daniel J. Burke
House Committee Amendment No. 1 Pension Note Filed as Amended
House Committee Amendment No. 1 State Debt Impact Note Filed as Amended
House Committee Amendment No. 1 Housing Affordability Impact Note Filed as Amended
House Committee Amendment No. 1 Judicial Note Filed as Amended
House Committee Amendment No. 1 Filed with Clerk by Executive Committee
House Committee Amendment No. 1 Land Conveyance Appraisal Note Filed as Amended
Added Alternate Chief Co-Sponsor Rep. Annazette Collins
Added Alternate Chief Co-Sponsor Rep. Monique D. Davis
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass as Amended / Short Debate Executive Committee; 010-000-000
House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
Added Alternate Chief Co-Sponsor Rep. Lou Lang
Final Action Deadline Extended-9(b) July 31, 2007
Assigned to Executive Committee
Rule 19(a) / Re-referred to Rules Committee
Final Action Deadline Extended-9(b) May 31, 2007
Added Alternate Chief Co-Sponsor Rep. LaShawn K. Ford
Committee Deadline Extended-Rule 9(b) May 25, 2007
Assigned to Executive Committee
Referred to Rules Committee
First Reading
Third Reading - Passed; 058-000-000
Placed on Calendar Order of 3rd Reading
Senate Floor Amendment No. 2 Adopted; Collins
Senate Floor Amendment No. 1 Adopted; Collins
Recalled to Second Reading
Added as Chief Co-Sponsor Sen. James T. Meeks
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Jacqueline Y. Collins
Senate Floor Amendment No. 3 Referred to Rules
Chief House Sponsor Rep. Karen A. Yarbrough
Placed on Calendar Order of First Reading
Arrived in House
Senate Floor Amendment No. 3 Tabled Pursuant to Rule 5-4(a)
Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 007-000-000
Added as Chief Co-Sponsor Sen. Dan Rutherford
Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 007-000-000
Senate Floor Amendment No. 2 Referred to Rules
Senate Floor Amendment No. 2 Rules Refers to Financial Institutions
Senate Floor Amendment No. 1 Rules Refers to Financial Institutions
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Jacqueline Y. Collins
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
Senate Floor Amendment No. 1 Referred to Rules
Rule 2-10 Third Reading Deadline Established As May 31, 2007
Placed on Calendar Order of 3rd Reading March 27, 2007
Second Reading
Do Pass Financial Institutions; 008-001-000
Placed on Calendar Order of 2nd Reading March 20, 2007
Postponed - Financial Institutions
Postponed - Financial Institutions
Assigned to Financial Institutions
First Reading
Referred to Rules
Filed with Secretary by Sen. Jacqueline Y. Collins
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| House Amendment 001 | |
| Senate Amendment 003 | |
| Senate Amendment 002 | |
| Senate Amendment 001 |
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