Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

55 ILCS 5/3-5010.10

735 ILCS 5/15-1513 new

765 ILCS 905/6 new

Synopsis As Introduced
Amends the Counties Code. Provides that in counties with a population of more than 3,000,000, if a mortgagee is the purchaser of any property on which it holds a mortgage at a judicial sale, the mortgagee, and any real estate professional listing the property on behalf of the mortgagee after the judicial sale, shall register with the county's property fraud alert system. Further provides that the property fraud alert system shall notify all registered property owners and registered real estate professionals not later than 15 days after a document is recorded with the county recorder that relates to a registered property. Amends the Mortgage Foreclosure Article of the Code of Civil Procedure making conforming changes. Amends the Mortgage Act. Provides that a mortgagee shall publish a telephone number, email address, or both where a real estate professional may contact the mortgagee to verify the mortgagee's ownership interest in property. Further provides that a mortgagee shall respond by phone or e-mail no later than the next business day after the inquiry to verify ownership of the property.

Actions 

Date	Chamber	Action
10/28/2016	House	Filed with the Clerk by Rep. Kenneth Dunkin
11/2/2016	House	First Reading
11/2/2016	House	Referred to Rules Committee
1/10/2017	House	Session Sine Die

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