HB1293sam002 97TH GENERAL ASSEMBLY

Sen. Jeffrey M. Schoenberg

Filed: 5/19/2011

09700HB1293sam002 LRB097 07425 AJO 55909 a

AMENDMENT TO HOUSE BILL 1293

AMENDMENT NO. ______. Amend House Bill 1293 on page 1, line 5, after "15-1508", by inserting "and by adding Section 15-1507.2"; and

on page 12, below line 21, by inserting the following:

"(735 ILCS 5/15-1507.2 new)

Sec. 15-1507.2. Judicial sale fee for mortgage foreclosures.

(a) Upon and at the sale of real estate under Section 15-1507, the purchaser, other than the mortgagee acquiring the real estate pursuant to its credit bid at the sale or any mortgagee, judgment creditor, or other lienor acquiring the real estate whose rights in and to the real estate arose prior to the sale, shall pay to the person conducting the sale pursuant to Section 15-1507 a fee of $300. Upon confirmation of the sale under Section 15-1508, the person conducting the sale shall remit the fee to the clerk of the court in which the foreclosure case is pending. The fees paid under this Section shall be disbursed after receipt by the clerk of the court to the county in which the real estate is located for deposit into the general revenue fund of that county.

(b) This Section is repealed 4 years after the effective date of this amendatory Act of the 97th General Assembly."; and

on page 19 by replacing lines 13 through 15 with the following:

"Section 99. Effective date. This Act takes effect January 1, 2012.".