Sen. Jeffrey M. Schoenberg

Filed: 5/19/2011

 

 


 

 


 
09700HB1293sam002LRB097 07425 AJO 55909 a

1
AMENDMENT TO HOUSE BILL 1293

2    AMENDMENT NO. ______. Amend House Bill 1293 on page 1, line
35, after "15-1508", by inserting "and by adding Section
415-1507.2"; and
 
5on page 12, below line 21, by inserting the following:
 
6    "(735 ILCS 5/15-1507.2 new)
7    Sec. 15-1507.2. Judicial sale fee for mortgage
8foreclosures.
9    (a) Upon and at the sale of real estate under Section
1015-1507, the purchaser, other than the mortgagee acquiring the
11real estate pursuant to its credit bid at the sale or any
12mortgagee, judgment creditor, or other lienor acquiring the
13real estate whose rights in and to the real estate arose prior
14to the sale, shall pay to the person conducting the sale
15pursuant to Section 15-1507 a fee of $300. Upon confirmation of
16the sale under Section 15-1508, the person conducting the sale

 

 

09700HB1293sam002- 2 -LRB097 07425 AJO 55909 a

1shall remit the fee to the clerk of the court in which the
2foreclosure case is pending. The fees paid under this Section
3shall be disbursed after receipt by the clerk of the court to
4the county in which the real estate is located for deposit into
5the general revenue fund of that county.
6    (b) This Section is repealed 4 years after the effective
7date of this amendatory Act of the 97th General Assembly."; and
 
8on page 19 by replacing lines 13 through 15 with the following:
 
9    "Section 99. Effective date. This Act takes effect January
101, 2012.".