HB 5731

  • Illinois House Bill
  • 97th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Civ Pro-Foreclose-Rental Right

Abstract

Amends the Code of Civil Procedure. Provides that a mortgagor has a right to remain in the mortgaged premises as a renter following foreclosure proceedings by paying rent to the mortgagee in possession or the purchaser at the judicial sale. Defines terms. Provides for a mortgagee's notice to the mortgagor of the right to remain in the mortgaged premises as a tenant, terms of tenancy, mortgagor's responsibilities while renting the foreclosed property, rental rate set by the court, responsibility for maintenance of the foreclosed property, and other matters. Effective June 1, 2012.

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Jan 08, 2013

House

Session Sine Die

Mar 09, 2012

House

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

Feb 29, 2012

House

Remains in Judiciary I - Civil Law Committee

House

Motion Do Pass - Lost Judiciary I - Civil Law Committee; 001-009-001

Feb 21, 2012

House

Assigned to Judiciary I - Civil Law Committee

Feb 16, 2012

House

Filed with the Clerk by Rep. Monique D. Davis

House

First Reading

House

Referred to Rules Committee

Bill Text

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