Public Act 093-0990
 
HB1041 Enrolled LRB093 05554 DRJ 05646 b

    AN ACT concerning commercial transactions.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Uniform Commercial Code is amended by
changing Section 9-525 as follows:
 
    (810 ILCS 5/9-525)
    Sec. 9-525. Fees.
    (a) Initial financing statement or other record: general
rule. Except as otherwise provided in subsection (e), the fee
for filing and indexing a record under this Part, other than an
initial financing statement of the kind described in subsection
(b), is:
        (1) $20 if the record is communicated in writing and
    consists of one or two pages;
        (2) $20 if the record is communicated in writing and
    consists of more than two pages; and
        (3) $20 if the record is communicated by another medium
    authorized by filing-office rule.
    (b) Initial financing statement: public-finance and
manufactured-housing transactions. Except as otherwise
provided in subsection (e), the fee for filing and indexing an
initial financing statement of the following kind is:
        (1) $20 if the financing statement indicates that it is
    filed in connection with a public-finance transaction;
        (2) $20 if the financing statement indicates that it is
    filed in connection with a manufactured-home transaction.
    (c) Number of names. The number of names required to be
indexed does not affect the amount of the fee in subsections
(a) and (b).
    (d) Response to information request. The fee for responding
to a request for information from the filing office, including
for issuing a certificate showing communicating whether there
is on file any financing statement naming a particular debtor,
is:
        (1) $10 if the request is communicated in writing; and
        (2) $10 if the request is communicated by another
    medium authorized by filing-office rule.
    (e) Record of mortgage. This Section does not require a fee
with respect to a record of a mortgage which is effective as a
financing statement filed as a fixture filing or as a financing
statement covering as-extracted collateral or timber to be cut
under Section 9-502(c). However, the recording and
satisfaction fees that otherwise would be applicable to the
record of the mortgage apply.
    (f) Of the total money collected for each filing with the
Secretary of State of an original financing statement, amended
statement, continuation, or assignment, or for a release of
collateral, $12 of the filing fee shall be paid into the
Secretary of State Special Services Fund. The remaining $8
shall be deposited into the General Revenue Fund in the State
treasury.
(Source: P.A. 91-893, eff. 7-1-01.)
 
    Section 99. Effective date. This Act takes effect on July
1, 2004.

Effective Date: 8/23/2004