Bill Status of SB 71   102nd General Assembly

Short Description:  INSTALLMENT SALES CONTRACT

Senate Sponsors
Sen. David Koehler-Jacqueline Y. Collins

House Sponsors
(Rep. Daniel Didech)


Last Action  View All Actions

DateChamber Action
  7/9/2021SenatePublic Act . . . . . . . . . 102-0071

Statutes Amended In Order of Appearance
735 ILCS 5/9-102from Ch. 110, par. 9-102

Synopsis As Introduced
Amends the Eviction Article of the Code of Civil Procedure. Deletes language that precludes an eviction action in the case of a vendee obtaining possession under a written or verbal agreement to purchase lands or tenements, failing to comply with the agreement, and withholding possession thereof, where the purchase price is to be paid in installments over a period in excess of 5 years and the amount unpaid under the terms of the contract at the time of the filing of a foreclosure complaint is less than 80% of the original purchase price. Provides instead that any agreement for residential real estate that is an installment sales contract and the amount unpaid under the terms of the contract at the time of the filing of the foreclosure complaint, including principal and due and unpaid interest, at the rate prior to default, is less than 80% of the original purchase price of the real estate as stated in the contract is subject to foreclosure. Effective immediately.

Actions 
DateChamber Action
  1/29/2021SenateFiled with Secretary by Sen. David Koehler
  1/29/2021SenateFirst Reading
  1/29/2021SenateReferred to Assignments
  2/9/2021SenateAssigned to Judiciary
  3/2/2021SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  3/9/2021SenateDo Pass Judiciary; 007-000-000
  3/9/2021SenatePlaced on Calendar Order of 2nd Reading March 10, 2021
  3/10/2021SenateSecond Reading
  3/10/2021SenatePlaced on Calendar Order of 3rd Reading ** March 16, 2021
  4/21/2021SenateThird Reading - Passed; 055-001-000
  4/22/2021HouseArrived in House
  4/22/2021HouseChief House Sponsor Rep. Daniel Didech
  4/23/2021HouseFirst Reading
  4/23/2021HouseReferred to Rules Committee
  4/28/2021HouseAssigned to Judiciary - Civil Committee
  5/5/2021HouseDo Pass / Consent Calendar Judiciary - Civil Committee; 016-000-000
  5/5/2021HousePlaced on Calendar 2nd Reading - Consent Calendar
  5/7/2021HouseRemoved from Consent Calendar Status Rep. Dan Brady
  5/7/2021HousePlaced on Calendar 2nd Reading - Short Debate
  5/19/2021HouseSecond Reading - Short Debate
  5/19/2021HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/20/2021HouseThird Reading - Short Debate - Passed 115-000-000
  5/20/2021SenatePassed Both Houses
  6/17/2021SenateSent to the Governor
  7/9/2021SenateGovernor Approved
  7/9/2021SenateEffective Date July 9, 2021
  7/9/2021SenatePublic Act . . . . . . . . . 102-0071

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