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90_HB2196
35 ILCS 200/20-10
Amends the Property Tax Code. Makes a technical change
in the Section concerning mailing the tax bill to the
mortgage lender.
LRB9000123KRpk
LRB9000123KRpk
1 AN ACT to amend the Property Tax Code by changing Section
2 20-10.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Property Tax Code is amended by changing
6 Section 20-10 as follows:
7 (35 ILCS 200/20-10)
8 Sec. 20-10. Mailing to mortgage lender. When the copy
9 of the tax bill is mailed by the collector to the owner or
10 person at or in care of the address of a mortgage lender, the
11 mortgage lender, within 15 days of receiving the copy, shall
12 furnish and mail an additional copy of the bill to each
13 mortgagor of the property at his or her last known address as
14 shown on the records of the mortgage lender. However, if the
15 property referred to in the copy is situated in a county that
16 which uses the estimated or accelerated billing methods, only
17 an additional copy of the bill for the final installment of
18 taxes due with respect to the real property shall be
19 furnished and mailed by the mortgage lender to the mortgagor.
20 A copy may be used by the collector in receipting for the tax
21 paid, and a copy or record shall be retained by the
22 collector.
23 (Source: P.A. 86-957; 87-818; 88-455.)