Bill Status of SB1657  101st General Assembly

Short Description:  MORTGAGE ACT-AUTHORIZED PERSON

Senate Sponsors
Sen. Laura M. Murphy and Jason Plummer

House Sponsors
(Rep. Mark L. Walker)

Last Action
DateChamber Action
  2/18/2020HouseTabled

Statutes Amended In Order of Appearance
765 ILCS 905/2from Ch. 95, par. 52
765 ILCS 905/4from Ch. 95, par. 54


Synopsis As Introduced
Amends the Mortgage Act. Adds a person authorized by the mortgagor, grantor, heir, legal representative, or assign to the list of those who may request that the mortgagee of real property shall make, execute, and deliver an instrument in writing releasing a mortgage or deed of trust. Provides that if any mortgagee or trustee shall not, within 30 days (rather than "one month") after the payment of the debt secured by the mortgage or trust deed complies with specific requirements, then he or she shall be liable for the sum of $200 to the aggrieved party. Provides that the successor in interest to the mortgagee or trustee shall not be liable for the $200 penalty if he or she complies with specific requirements within 30 days (rather than "one month") after succeeding to the interest.

Actions 
DateChamber Action
  2/15/2019SenateFiled with Secretary by Sen. Laura M. Murphy
  2/15/2019SenateFirst Reading
  2/15/2019SenateReferred to Assignments
  2/27/2019SenateAssigned to Financial Institutions
  3/5/2019SenateAdded as Co-Sponsor Sen. Jason Plummer
  3/6/2019SenateDo Pass Financial Institutions; 009-000-000
  3/6/2019SenatePlaced on Calendar Order of 2nd Reading
  3/6/2019SenateSecond Reading
  3/6/2019SenatePlaced on Calendar Order of 3rd Reading March 7, 2019
  3/13/2019SenateThird Reading - Passed; 058-000-000
  3/13/2019HouseArrived in House
  3/20/2019HouseChief House Sponsor Rep. Mark L. Walker
  3/21/2019HouseFirst Reading
  3/21/2019HouseReferred to Rules Committee
  4/9/2019HouseAssigned to Financial Institutions Committee
  4/30/2019HouseDo Pass / Short Debate Financial Institutions Committee; 011-000-000
  5/2/2019HousePlaced on Calendar 2nd Reading - Short Debate
  5/16/2019HouseSecond Reading - Short Debate
  5/16/2019HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/24/2019HouseFinal Action Deadline Extended-9(b) May 31, 2019
  5/29/2019HouseMotion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Mark L. Walker
  5/31/2019HouseFinal Action Deadline Extended-9(b) June 30, 2019
  6/28/2019HouseRule 19(a) / Re-referred to Rules Committee
  2/18/2020HouseMotion Prevailed by Voice Vote
  2/18/2020HouseTabled