RESIDENTIAL PROP DISCLOSURE Senate SponsorsSen. Terry Link House Sponsors(Rep. Mark H. Beaubien, Jr.) 1/12/2011SenateSession Sine Die 765 ILCS 5/2from Ch. 30, par. 2Amends the Conveyances Act. Makes a technical change in the Section relating to the effect of the transfer of land.Senate Floor Amendment No. 1 Deletes reference to:765 ILCS 5/2Adds reference to:765 ILCS 77/70Replaces everything after the enacting clause with provisions that amend the Residential Real Property Disclosure Act. Provides that the title insurance company or closing agent shall attach to the mortgage a certificate of compliance with the requirements of the Act or a certificate of exemption (instead of requirements of the Act), as generated by the database. If the title insurance company or closing agent fails to attach either the certificate of compliance or the certificate of exemption (instead of attach the certificate of compliance), then the mortgage is not recordable. Provides that the failure to attach the appropriate certificate shall not affect the enforceability of the lien of the mortgage.House Committee Amendment No. 1 Further amends the Residential Real Property Disclosure Act. Defines "certificate of compliance" and "certificate of exemption". Provides that the failure to attach a certificate of exemption, if the requirements for an exemption are met, (instead of the failure to attach the appropriate certificate) shall not affect the enforceability of the lien of mortgage.House Floor Amendment No. 3 Provides that the failure to attach a certificate of exemption, if the requirements for an exemption are met, shall not affect the validity, enforceability, or priority (instead of the enforceability) of the lien of the mortgage. 2/6/2009SenateFiled with Secretary by Sen. John J. Cullerton 2/6/2009SenateFirst Reading 2/6/2009SenateReferred to Assignments 3/5/2009SenateAssigned to Executive 3/12/2009SenateDo Pass Executive; 012-000-000 3/12/2009SenatePlaced on Calendar Order of 2nd Reading March 17, 2009 3/25/2009SenateChief Sponsor Changed to Sen. Terry Link 3/25/2009SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Terry Link 3/25/2009SenateSenate Floor Amendment No. 1 Referred to Assignments 3/30/2009SenateSenate Floor Amendment No. 1 Assignments Refers to Financial Institutions 3/31/2009SenateSenate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 008-000-000 3/31/2009SenateSecond Reading 3/31/2009SenateSenate Floor Amendment No. 1 Adopted; Link 3/31/2009SenatePlaced on Calendar Order of 3rd Reading April 1, 2009 4/2/2009SenateThird Reading - Passed; 055-000-002 4/2/2009HouseArrived in House 4/2/2009HousePlaced on Calendar Order of First Reading 4/3/2009HouseChief House Sponsor Rep. Mark H. Beaubien, Jr. 4/6/2009HouseFirst Reading 4/6/2009HouseReferred to Rules Committee 4/20/2009HouseAssigned to Executive Committee 5/6/2009HouseHouse Committee Amendment No. 1 Filed with Clerk by Executive Committee 5/6/2009HouseHouse Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote 5/6/2009HouseDo Pass as Amended / Short Debate Executive Committee; 011-000-000 5/6/2009HousePlaced on Calendar 2nd Reading - Short Debate 5/14/2009HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Mark H. Beaubien, Jr. 5/14/2009HouseHouse Floor Amendment No. 2 Referred to Rules Committee 5/18/2009HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. Mark H. Beaubien, Jr. 5/18/2009HouseHouse Floor Amendment No. 3 Referred to Rules Committee 5/19/2009HouseSecond Reading - Short Debate 5/19/2009HouseHeld on Calendar Order of Second Reading - Short Debate 5/22/2009HouseFinal Action Deadline Extended-9(b) May 29, 2009 5/26/2009HouseHouse Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 004-000-000 5/26/2009HouseHouse Floor Amendment No. 3 Adopted by Voice Vote 5/26/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/29/2009HouseFinal Action Deadline Extended-9(b) May 31, 2009 5/31/2009HouseRule 19(a) / Re-referred to Rules Committee 1/12/2011SenateSession Sine Die