Bill Status of SB2141

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SB2141 - 104th General Assembly

PROPERTY-VOID CONDITIONS
Last Action
2/07/2025 - Senate: Referred to Assignments
Senate Sponsors
Sen. Chapin Rose
Statutes Amended In Order of Appearance
765 ILCS 77/46 new
815 ILCS 505/2Afrom Ch. 121 1/2, par. 262A
Synopsis As Introduced
Amends the Residential Real Property Disclosure Act. Provides that any condition, stipulation, or provision in any mortgage, promissory note, or contract directly affecting an interest in Illinois real estate shall state that Illinois law shall apply. Provides that any condition, stipulation, or provision purporting to apply the law of another state or country is void. Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that it is an unlawful practice for any person to insert a provision in any mortgage, promissory note, or other contract directly affecting a consumer's ownership of Illinois real estate which states that the law of a state or country other than Illinois shall apply, and that any such provision purporting to apply the law of another state or country in such consumer transaction is void.
Actions
Date Chamber Action
2/07/2025 Senate Filed with Secretary by Sen. Chapin Rose
2/07/2025 Senate First Reading
2/07/2025 Senate Referred to Assignments