Public Act 093-0990
 		





HB1041 Enrolled
LRB093 05554 DRJ 05646 b






    AN ACT concerning commercial transactions. 

 
    Be it enacted by the People of the State of Illinois, 
represented in the General Assembly: 


 
    Section 5. The Uniform Commercial Code is amended  by 
changing Section 9-525 as follows:
 



    (810 ILCS 5/9-525)



    Sec. 9-525. Fees. 

    (a) Initial financing
statement or
other record: general 
rule.
Except as otherwise
provided in subsection (e), the fee 
for filing and indexing a record under this
Part,
other than an 
initial financing statement of the kind described in subsection

(b),
is:


        (1) $20 if the record is communicated in writing
and 
    consists of one or two pages;


        (2) $20 if the record is communicated in
writing and 
    consists of more than two pages; and


        (3) $20 if the record is communicated by another
medium 
    authorized by filing-office rule.

    (b) Initial financing statement:
public-finance
and

manufactured-housing transactions.  Except as
otherwise 
provided in subsection (e), the fee for filing and indexing an

initial
financing statement of the following kind is:


        (1) $20 if the financing statement indicates that it is

    filed in connection with a public-finance transaction;


        (2) $20 if the financing statement indicates that it is

    filed in connection with a manufactured-home transaction.

    (c) Number of names.  The number of names required to be

indexed does not affect the amount of the fee in subsections 
(a) and (b).

    (d) Response to information request.  The fee for responding 
to a
request for information from the filing office, including 
for issuing a
certificate
showing communicating whether there 
is on file any financing
statement naming
a particular debtor, 
is:


        (1) $10 if the request is communicated in writing; and


        (2) $10 if the request is communicated by another

    medium authorized by filing-office rule.

    (e) Record of mortgage.  This Section does not require a fee 
with
respect to a record of a mortgage which is effective as a 
financing statement
filed as
a fixture filing or as a financing 
statement covering as-extracted collateral
or timber
to be cut 
under Section 9-502(c).  However, the recording and 
satisfaction fees
that
otherwise would be applicable to the 
record of the mortgage apply.
    (f) Of the total money collected for each filing with the 
Secretary of State of an original financing statement, amended 
statement, continuation, or assignment, or for a release of 
collateral, $12 of the filing fee shall be paid into the 
Secretary of State Special Services Fund. The remaining $8 
shall be deposited into the General Revenue Fund in the State 
treasury.


(Source: P.A. 91-893, eff. 7-1-01.)


 
    Section 99. Effective date. This Act takes effect on July 
1, 2004.



Effective Date:  8/23/2004