91st General Assembly
Summary of SB1645
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Short description: 
PROP TAX-ASSESSMENT NOTICE                                                 

Synopsis of Bill as introduced:
        Amends the Property Tax Code with respect to assessment  notices.      
   Provides  that, in counties with 3,000,000 or more inhabitants, when a      
   notice of increased assessment is mailed by the county assessor to the      
   address of a mortgage lender, the mortgage lender, within 5 days after      
   the mortgage lender's receipt of the notice, shall mail a copy of  the      
   notice  to each mortgagor of the property referred to in the notice at      
   the last known address of each mortgagor as shown on  the  records  of      
   the mortgage lender.                                                        
        HOUSE AMENDMENT NO. 1.                                                 
        Adds an immediate effective date.                                      
        HOUSE AMENDMENT NO. 2.                                                 
        Changes  a  reference  from  "mortgage  lender"  to  "mortgagee".      
   Provides that the notice shall be forwarded with 7 business days  (now      
   5 days).  Provides that there shall be no liability for the failure of      
   the mortgagee to forward the notice to each mortgagor.                      
Last action on Bill: PUBLIC ACT.............................. 91-0751

   Last action date: 00-06-02

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   2     SENATE -   0


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