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Rep. Janet Yang Rohr
Filed: 4/4/2022
| | 10200SB3650ham001 | | LRB102 24547 LNS 38537 a |
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| 1 | | AMENDMENT TO SENATE BILL 3650
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 3650 by replacing |
| 3 | | everything after the enacting clause with the following:
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| 4 | | "Section 5. The Code of Civil Procedure is amended by |
| 5 | | changing Section 13-115 as follows:
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| 6 | | (735 ILCS 5/13-115) (from Ch. 110, par. 13-115)
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| 7 | | Sec. 13-115. Foreclosure of mortgage; equitable mortgage; |
| 8 | | equitable lien against real estate; subrogation to a prior |
| 9 | | mortgage. Unless within 10 years after the right of action or |
| 10 | | right to make such
sale accrues, no No person shall (i) |
| 11 | | commence an action
or make a sale to
foreclose any mortgage or |
| 12 | | deed of trust in the nature of a mortgage; or (ii) commence an |
| 13 | | action to establish an equitable mortgage, an equitable lien |
| 14 | | against real estate, or a claim for subrogation to a prior |
| 15 | | mortgage. For purposes of this Section, a right of action |
| 16 | | accrues when the debt held or new promise in writing to pay |