Sen. Jeffrey M. Schoenberg
Filed: 5/19/2011
 
 

 

 

 
09700HB1293sam002LRB097 07425 AJO 55909 a



1
AMENDMENT TO HOUSE BILL 1293




2    AMENDMENT NO. ______. Amend House Bill 1293 on page 1, line 
35, after "15-1508", by inserting "and by adding Section 
415-1507.2"; and 


 
5on page 12, below line 21, by inserting the following:
 
6    "(735 ILCS 5/15-1507.2 new)
7    Sec. 15-1507.2. Judicial sale fee for mortgage 
8foreclosures.
9    (a) Upon and at the sale of real estate under Section 
1015-1507, the purchaser, other than the mortgagee acquiring the 
11real estate pursuant to its credit bid at the sale or any 
12mortgagee, judgment creditor, or other lienor acquiring the 
13real estate whose rights in and to the real estate arose prior 
14to the sale, shall pay to the person conducting the sale 
15pursuant to Section 15-1507 a fee of $300. Upon confirmation of 
16the sale under Section 15-1508, the person conducting the sale 
 
 
09700HB1293sam002- 2 -LRB097 07425 AJO 55909 a

1shall remit the fee to the clerk of the court in which the 
2foreclosure case is pending. The fees paid under this Section 
3shall be disbursed after receipt by the clerk of the court to 
4the county in which the real estate is located for deposit into 
5the general revenue fund of that county.
6    (b) This Section is repealed 4 years after the effective 
7date of this amendatory Act of the 97th General Assembly."; and
 
8on page 19 by replacing lines 13 through 15 with the following:
 
9    "Section 99. Effective date. This Act takes effect January 
101, 2012.".