Date	Chamber	Action
1/9/2019	Senate	Session Sine Die

Statutes Amended In Order of Appearance

735 ILCS 5/15-1401.1

Synopsis As Introduced
Amends the Mortgage Foreclosure Article of the Code of Civil Procedure in relation to short sales of property. Provides that, if an offer to purchase either a mortgage or residential property is made by an entity with a tax-exempt filing status under Section 501(c)(3) of the Internal Revenue Code or an entity that controls, is controlled by, or is under common control with an entity with such tax-exempt filing status, no mortgagee may require, as a condition of sale or transfer to any such entity, any affidavit, statement, agreement, or addendum limiting ownership or occupancy of the residential property by the mortgagor and, if obtained, the affidavit, statement, agreement, or addendum does not provide a basis to avoid a sale or transfer nor is it enforceable against the acquiring entity or any real estate broker, mortgagor, or settlement agent named in the affidavit, statement, or addendum. Effective immediately.

Actions 

Date	Chamber	Action
2/14/2018	Senate	Filed with Secretary by Sen. Jacqueline Y. Collins
2/14/2018	Senate	First Reading
2/14/2018	Senate	Referred to Assignments
2/20/2018	Senate	Added as Chief Co-Sponsor Sen. Cristina Castro
2/20/2018	Senate	Added as Chief Co-Sponsor Sen. Iris Y. Martinez
2/21/2018	Senate	Assigned to Financial Institutions
3/13/2018	Senate	Added as Chief Co-Sponsor Sen. Emil Jones, III
4/11/2018	Senate	Postponed - Financial Institutions
4/13/2018	Senate	Rule 3-9(a) / Re-referred to Assignments
1/9/2019	Senate	Session Sine Die

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