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Rep. Dan Brady
Filed: 3/23/2010
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09600HB5630ham002 |
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LRB096 19397 RPM 39545 a |
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| AMENDMENT TO HOUSE BILL 5630
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| AMENDMENT NO. ______. Amend House Bill 5630 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Illinois Insurance Code is amended by |
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| adding Section 155.43 as follows:
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| (215 ILCS 5/155.43 new) |
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| Sec. 155.43. Notice to insurer; mortgagee-in-possession. |
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| The mortgagee, judgment creditor, or other lien holder shall |
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| notify the last-known insurer of a residential building in |
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| writing by first-class mail or electronically within 10 |
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| business days after the mortgagee, judgment creditor, or lien |
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| holder becomes the mortgagee-in-possession.
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| Section 99. Effective date. This Act takes effect on |
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| January 1, 2011.".
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