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92_HB2392
LRB9206109WHcs
1 AN ACT concerning conveyances.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Conveyances Act is amended by adding
5 Section 35d as follows:
6 (765 ILCS 5/35d new)
7 Sec. 35d. Execution; permanent index number. In a county
8 with 3,000,000 or more inhabitants, whenever any deed or
9 instrument of conveyance is executed, the grantor of
10 residential property shall provide the grantee of the
11 property with an individual permanent index number or numbers
12 that specifically represent the legal description provided
13 for in the deed. If the individual permanent index number or
14 numbers do not specifically represent the legal description,
15 the grantor shall provide proof that:
16 (1) an application for division, which will result
17 in a permanent index number or numbers corresponding to
18 the legal description, has been filed with the county
19 assessor; or
20 (2) a plat of subdivision has been recorded; or
21 (3) a condominium declaration has been recorded.
22 A receipt from the county assessor confirming that an
23 application for division has been filed and meets the
24 requirements set by the county assessor shall be deemed as
25 evidence of a proper application for division. The grantor's
26 failure to provide the corresponding permanent index number
27 shall not invalidate the instrument. However, failure to
28 meet these requirements shall result in the grantor being
29 personally liable to the grantee for taxes pursuant to
30 Section 1-145 of the Property Tax Code and attorney's fees
31 until these requirements are met.
-2- LRB9206109WHcs
1 Section 99. Effective date. This Act takes effect upon
2 becoming law.