Bill Status of SB 2182   103rd General Assembly


Short Description:  PROPERTY-VOID CONDITIONS

Senate Sponsors
Sen. Chapin Rose

Last Action  View All Actions

DateChamber Action
  2/10/2023SenateReferred to Assignments

Statutes Amended In Order of Appearance
765 ILCS 77/46 new
815 ILCS 505/2Afrom Ch. 121 1/2, par. 262A

Synopsis As Introduced
Amends the Residential Real Property Disclosure Act. Provides that any condition, stipulation, or provision in any mortgage, promissory note, or contract directly affecting an interest in Illinois real estate shall state that Illinois law shall apply. Provides that any condition, stipulation, or provision purporting to apply the law of another state or country is void. Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that it is an unlawful practice for any person to insert a provision in any mortgage, promissory note, or other contract directly affecting a consumer's ownership of Illinois real estate which states that the law of a state or country other than Illinois shall apply, and that any such provision purporting to apply the law of another state or country in such consumer transaction is void.

Actions 
DateChamber Action
  2/10/2023SenateFiled with Secretary by Sen. Chapin Rose
  2/10/2023SenateFirst Reading
  2/10/2023SenateReferred to Assignments

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