Bill Status of SB 3815   102nd General Assembly


Short Description:  DISTRESSED PROPERTY CONVEYANCE

Senate Sponsors
Sen. Donald P. DeWitte

Last Action  View All Actions

DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
765 ILCS 940/40
765 ILCS 940/55

Synopsis As Introduced
Amends the Mortgage Rescue Fraud Act. Requires, within 3 days of the execution of a distressed property conveyance contract, the distressed property purchaser to provide a copy of the contract to any party that has purchased taxes in connection with the distressed property at a tax sale. Allows a party that does not receive a copy of a distressed property conveyance contract to bring a civil action under the Consumer Fraud and Deceptive Business Practices Act.

Actions 
DateChamber Action
  1/21/2022SenateFiled with Secretary by Sen. Donald P. DeWitte
  1/21/2022SenateFirst Reading
  1/21/2022SenateReferred to Assignments
  1/10/2023SenateSession Sine Die

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