Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

New Act

Synopsis As Introduced
Creates the Residential Real Property Homestead Exemptions Disclosure Act. Requires the sellers of residential real property to disclose to the buyers of the property the amount of each homestead exemption that applies to the seller's ownership of the property. Sets forth the requirements and procedures for making the disclosure. Provides that a buyer may void the sales contract if the disclosure is defective. Provides that no action for a violation of the Act may be commenced more than one year after the date of the buyers occupancy or the date that the instrument of conveyance is recorded, whichever is less. Requires a copy of this Act must be included with each disclosure. Contains other provisions. Effective immediately.

Senate Committee Amendment No. 1

	Deletes reference to:
	New Act

	Adds reference to:
	35 ILCS 200/31-25

Deletes everything after the enacting clause. Amends the Property Tax Code. Provides that transfer declarations must include information concerning any homestead exemptions for the property. Effective immediately.

Actions 

Date	Chamber	Action
2/23/2005	Senate	Filed with Secretary by Sen. Edward D. Maloney
2/23/2005	Senate	First Reading
2/23/2005	Senate	Referred to Rules
3/2/2005	Senate	Assigned to Housing & Community Affairs
3/9/2005	Senate	Postponed - Housing & Community Affairs
3/9/2005	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Edward D. Maloney
3/9/2005	Senate	Senate Committee Amendment No. 1 Referred to Rules
3/15/2005	Senate	Senate Committee Amendment No. 1 Rules Refers to Housing & Community Affairs
3/15/2005	Senate	Senate Committee Amendment No. 1 Adopted
3/16/2005	Senate	Do Pass as Amended Housing & Community Affairs; 009-000-000
3/16/2005	Senate	Placed on Calendar Order of 2nd Reading March 17, 2005
4/7/2005	Senate	Second Reading
4/7/2005	Senate	Placed on Calendar Order of 3rd Reading April 8, 2005
4/8/2005	Senate	Added as Chief Co-Sponsor Sen. Iris Y. Martinez
4/8/2005	Senate	Third Reading - Passed; 057-000-000
4/8/2005	House	Arrived in House
4/8/2005	House	Placed on Calendar Order of First Reading
4/11/2005	House	Chief House Sponsor Rep. Susana A Mendoza
4/11/2005	House	First Reading
4/11/2005	House	Referred to Rules Committee
4/20/2005	House	Assigned to Executive Committee
5/13/2005	House	Rule 19(a) / Re-referred to Rules Committee
1/9/2007	Senate	Session Sine Die

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