Bill Status of HB 5760   97th General Assembly

Short Description:  CONDO-LIEN-FORECLOSURE FEES

House Sponsors
Rep. Kelly M. Cassidy and Karen A. Yarbrough

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
765 ILCS 605/9from Ch. 30, par. 309

Synopsis As Introduced
Amends the Condominium Property Act. In provisions concerning liens for amounts due, for unpaid common expenses, provides, with respect to a condominium unit in foreclosure, that a mortgagee who receives title to a unit by purchase at a judicial foreclosure sale, by a deed in lieu of foreclosure, or by a court order pursuant to a foreclosure shall pay the unpaid proportionate share of the common expenses for the unit, related late charges, and attorney's fees that accrued before the mortgagee acquired title and those that later become due, up to the date of the conveyance of the unit pursuant to a sale by the mortgagee. Provides that a purchaser at a judicial foreclosure sale or a person who purchases a foreclosed unit from the mortgagee has no obligation to pay for the unpaid proportionate share of the common expenses for the unit, related late charges, or attorney's fees which accrued before the purchaser acquired title. Deletes language providing that: (i) the purchaser at a judicial foreclosure sale or a mortgagee who receives title by deed in lieu of foreclosure or by a court order shall pay the unit's common expenses from and after the first day of the month after the delivery of the deed in lieu of foreclosure, the sale, or the court order; and (ii) a person who buys a unit, other than a mortgagee, at a judicial foreclosure sale or from a mortgagee shall have the duty to pay the proportionate share of unpaid unit common expenses which would have become due (without any assessment acceleration) during the 6 months before the filing of an action to collect assessments. Makes other changes.

Actions 
DateChamber Action
  2/16/2012HouseFiled with the Clerk by Rep. Kelly M. Cassidy
  2/16/2012HouseFirst Reading
  2/16/2012HouseReferred to Rules Committee
  2/21/2012HouseAssigned to Judiciary I - Civil Law Committee
  2/29/2012HouseAdded Co-Sponsor Rep. Karen A. Yarbrough
  3/7/2012HouseMotion Do Pass - Lost Judiciary I - Civil Law Committee; 004-006-000
  3/7/2012HouseRemains in Judiciary I - Civil Law Committee
  3/9/2012HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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