Bill Status of SB 129   97th General Assembly


Short Description:  CRIM CD-FRAUDULENT FORECLOSURE

Senate Sponsors
Sen. Martin A. Sandoval-Kimberly A. Lightford

Last Action  View All Actions

DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
720 ILCS 5/16H-31 new

Synopsis As Introduced
Amends the Criminal Code of 1961. Creates the offense of perpetrating a fraudulent foreclosure. Provides that a person commits the offense when he or she has a security interest in real property and files a foreclosure action under the Illinois Mortgage Foreclosure Law to terminate the mortgagor's rights and interests in the real property when the circumstances that gave rise to the action are not in violation of the terms of the mortgage agreement, or if the circumstances are in breach of the mortgage agreement, the terms of the mortgage agreement do not permit foreclosure at the time of the filing of the action. Provides that a violation is a Class X felony for which the court shall impose a minimum fine of $500,000.

Actions 
DateChamber Action
  1/27/2011SenateFiled with Secretary by Sen. Martin A. Sandoval
  1/27/2011SenateFirst Reading
  1/27/2011SenateReferred to Assignments
  2/9/2011SenateAssigned to Criminal Law
  3/2/2011SenatePostponed - Criminal Law
  3/3/2011SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
  3/4/2011SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Martin A. Sandoval
  3/4/2011SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/8/2011SenateSenate Committee Amendment No. 1 Assignments Refers to Criminal Law
  3/9/2011SenateSenate Committee Amendment No. 1 Postponed - Criminal Law
  3/9/2011SenatePostponed - Criminal Law
  3/17/2011SenatePostponed - Criminal Law
  3/17/2011SenateSenate Committee Amendment No. 1 Postponed - Criminal Law
  3/18/2011SenateRule 2-10 Committee Deadline Established As April 8, 2011
  4/6/2011SenatePostponed - Criminal Law
  4/6/2011SenateSenate Committee Amendment No. 1 Postponed - Criminal Law
  4/8/2011SenateRule 3-9(a) / Re-referred to Assignments
  4/8/2011SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

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