Illinois General Assembly - Full Text of HB5630

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Full Text of HB5630 96th General Assembly

Introduced   Engrossed
House Amendment 001   House Amendment 002   Senate Amendment 001
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HB5630ham002 96TH GENERAL ASSEMBLY
Rep. Dan Brady
Filed: 3/23/2010

09600HB5630ham002 LRB096 19397 RPM 39545 a

1 AMENDMENT TO HOUSE BILL 5630
2     AMENDMENT NO. ______. Amend House Bill 5630 by replacing
3 everything after the enacting clause with the following:

4     "Section 5. The Illinois Insurance Code is amended by
5 adding Section 155.43 as follows:

6     (215 ILCS 5/155.43 new)
7     Sec. 155.43. Notice to insurer; mortgagee-in-possession.
8 The mortgagee, judgment creditor, or other lien holder shall
9 notify the last-known insurer of a residential building in
10 writing by first-class mail or electronically within 10
11 business days after the mortgagee, judgment creditor, or lien
12 holder becomes the mortgagee-in-possession.

13     Section 99. Effective date. This Act takes effect on
14 January 1, 2011.".

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