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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB4577
Introduced , by Rep. Richard T. Bradley SYNOPSIS AS INTRODUCED:
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Amends the Code of Civil Procedure. Provides that if there is a surplus after a judicial sale or mortgage foreclosure, the circuit clerk shall collect a $20 fee for each surplus proceeds deposit. Provides that of each $20 fee, $15 should be deposited into the county's general fund and $5 into the circuit court clerk operation fund.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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HB4577 |
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LRB095 16840 AJO 42878 b |
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| AN ACT concerning civil law.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Code of Civil Procedure is amended by adding |
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| Section 15-1406 as follows:
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| (735 ILCS 5/15-1406 new) |
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| Sec. 15-1406. Sale surplus deposit fee. In addition to |
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| other fees authorized by law, if there is a surplus resulting |
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| from a sale related to the judicial sales procedure set forth |
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| in Part 15 of this Article or the methods of terminating |
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| mortgagor's interest in real estate set forth in Part 14 of |
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| this Article, the circuit court clerk shall charge and collect |
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| a $20 fee for each deposit of surplus proceeds, unless |
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| otherwise ordered by the court, which shall be paid to the |
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| clerk at the time the surplus money is deposited with the |
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| clerk. Of this $20 fee, $15 shall be deposited into the |
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| county's general fund and $5 shall be deposited into the |
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| Circuit Court Clerk Operation and Administrative Fund created |
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| by the clerk of the circuit court.
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