Bill Status of SB2182  103rd General Assembly

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Short Description:  PROPERTY-VOID CONDITIONS

Senate Sponsors
Sen. Chapin Rose

Last Action

Date	Chamber	Action
2/10/2023	Senate	Referred to Assignments

Statutes Amended In Order of Appearance

765 ILCS 77/46 new

815 ILCS 505/2A

from Ch. 121 1/2, par. 262A

Synopsis As Introduced
Amends the Residential Real Property Disclosure Act. Provides that any condition, stipulation, or provision in any mortgage, promissory note, or contract directly affecting an interest in Illinois real estate shall state that Illinois law shall apply. Provides that any condition, stipulation, or provision purporting to apply the law of another state or country is void. Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that it is an unlawful practice for any person to insert a provision in any mortgage, promissory note, or other contract directly affecting a consumer's ownership of Illinois real estate which states that the law of a state or country other than Illinois shall apply, and that any such provision purporting to apply the law of another state or country in such consumer transaction is void.

Actions 

Date	Chamber	Action
2/10/2023	Senate	Filed with Secretary by Sen. Chapin Rose
2/10/2023	Senate	First Reading
2/10/2023	Senate	Referred to Assignments