Rep. Dan Brady

Filed: 3/23/2010

 

 


 

 


 
09600HB5630ham002 LRB096 19397 RPM 39545 a

1
AMENDMENT TO HOUSE BILL 5630

2     AMENDMENT NO. ______. Amend House Bill 5630 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The Illinois Insurance Code is amended by
5 adding Section 155.43 as follows:
 
6     (215 ILCS 5/155.43 new)
7     Sec. 155.43. Notice to insurer; mortgagee-in-possession.
8 The mortgagee, judgment creditor, or other lien holder shall
9 notify the last-known insurer of a residential building in
10 writing by first-class mail or electronically within 10
11 business days after the mortgagee, judgment creditor, or lien
12 holder becomes the mortgagee-in-possession.
 
13     Section 99. Effective date. This Act takes effect on
14 January 1, 2011.".