Sen. Don Harmon
Filed: 5/11/2004
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1 | AMENDMENT TO HOUSE BILL 1041
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2 | AMENDMENT NO. ______. Amend House Bill 1041 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Uniform Commercial Code is amended by | ||||||
5 | changing Section 9-525 as follows:
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6 | (810 ILCS 5/9-525)
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7 | Sec. 9-525. Fees.
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8 | (a) Initial financing
statement or
other record: general | ||||||
9 | rule.
Except as otherwise
provided in subsection (e), the fee | ||||||
10 | for filing and indexing a record under this
Part,
other than an | ||||||
11 | initial financing statement of the kind described in subsection
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12 | (b),
is:
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13 | (1) $20 if the record is communicated in writing
and | ||||||
14 | consists of one or two pages;
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15 | (2) $20 if the record is communicated in
writing and | ||||||
16 | consists of more than two pages; and
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17 | (3) $20 if the record is communicated by another
medium | ||||||
18 | authorized by filing-office rule.
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19 | (b) Initial financing statement:
public-finance
and
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20 | manufactured-housing transactions. Except as
otherwise | ||||||
21 | provided in subsection (e), the fee for filing and indexing an
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22 | initial
financing statement of the following kind is:
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23 | (1) $20 if the financing statement indicates that it is
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24 | filed in connection with a public-finance transaction;
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1 | (2) $20 if the financing statement indicates that it is
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2 | filed in connection with a manufactured-home transaction.
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3 | (c) Number of names. The number of names required to be
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4 | indexed does not affect the amount of the fee in subsections | ||||||
5 | (a) and (b).
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6 | (d) Response to information request. The fee for responding | ||||||
7 | to a
request for information from the filing office, including | ||||||
8 | for issuing a
certificate
showing communicating whether there | ||||||
9 | is on file any financing
statement naming
a particular debtor, | ||||||
10 | is:
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11 | (1) $10 if the request is communicated in writing; and
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12 | (2) $10 if the request is communicated by another
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13 | medium authorized by filing-office rule.
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14 | (e) Record of mortgage. This Section does not require a fee | ||||||
15 | with
respect to a record of a mortgage which is effective as a | ||||||
16 | financing statement
filed as
a fixture filing or as a financing | ||||||
17 | statement covering as-extracted collateral
or timber
to be cut | ||||||
18 | under Section 9-502(c). However, the recording and | ||||||
19 | satisfaction fees
that
otherwise would be applicable to the | ||||||
20 | record of the mortgage apply. | ||||||
21 | (f) Of the total money collected for each filing with the | ||||||
22 | Secretary of State of an original financing statement, amended | ||||||
23 | statement, continuation, or assignment, or for a release of | ||||||
24 | collateral, $12 of the filing fee shall be paid into the | ||||||
25 | Secretary of State Special Services Fund. The remaining $8 | ||||||
26 | shall be deposited into the General Revenue Fund in the State | ||||||
27 | treasury.
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28 | (Source: P.A. 91-893, eff. 7-1-01.)
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29 | Section 99. Effective date. This Act takes effect on July | ||||||
30 | 1, 2004.".
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