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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 0
END OF INQUIRY
Full Text Bill Status