Illinois General Assembly - Bill Status for HB1512
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 Bill Status of HB1512  100th General Assembly


Short Description:  TITLE INS-MORTGAGE ASSUMPTION

House Sponsors
Rep. Pam Roth

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 155/24.6 new


Synopsis As Introduced
Amends the Title Insurance Act. Provides that a corporation authorized to do business under the Act shall notify, in writing, the mortgagor and the third-party involved in a mortgage assumption transaction that when the mortgage is being assumed by the third-party and the third-party fails to pay the mortgage, the mortgagor may be responsible for the mortgage. Effective January 1, 2014.

Actions 
DateChamber Action
  2/7/2013HouseFiled with the Clerk by Rep. Pam Roth
  2/13/2013HouseFirst Reading
  2/13/2013HouseReferred to Rules Committee
  2/19/2013HouseAssigned to Financial Institutions Committee
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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