Date	Chamber	Action
1/13/2009	House	Session Sine Die

Statutes Amended In Order of Appearance

765 ILCS 905/4.5 new

Synopsis As Introduced
Amends the Mortgage Act. Provides that any person who is required to pay or deliver funds to complete a real estate closing shall do so at the closing. Provides a definition of a real estate closing. Provides that a person who wants to make a wire transfer at a closing shall make contact with the person or entity that will receive the funds prior to the closing to determine if a wire transfer can be made and, if so, the details of effecting the transfer. Provides that a person who fails to make any required payment at a closing is liable to any party involved in the closing who incurs a loss or expense because of the failure to make the payment at the closing, plus costs and reasonable attorney's fees. Effective immediately.

Actions 

Date	Chamber	Action
2/14/2008	House	Filed with the Clerk by Rep. Ruth Munson
2/14/2008	House	First Reading
2/14/2008	House	Referred to Rules Committee
2/26/2008	House	Assigned to Judiciary I - Civil Law Committee
3/14/2008	House	Rule 19(a) / Re-referred to Rules Committee
1/13/2009	House	Session Sine Die

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