|
|
|
95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008 HB4577
Introduced , by Rep. Richard T. Bradley SYNOPSIS AS INTRODUCED: |
|
|
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.
|
| |
|
|
| FISCAL NOTE ACT MAY APPLY | |
|
|
A BILL FOR
|
|
|
|
|
HB4577 |
|
LRB095 16840 AJO 42878 b |
|
|
1 |
| AN ACT concerning civil law.
|
2 |
| Be it enacted by the People of the State of Illinois,
|
3 |
| represented in the General Assembly:
|
4 |
| Section 5. The Code of Civil Procedure is amended by adding |
5 |
| Section 15-1406 as follows: |
6 |
| (735 ILCS 5/15-1406 new) |
7 |
| Sec. 15-1406. Sale surplus deposit fee. In addition to |
8 |
| other fees authorized by law, if there is a surplus resulting |
9 |
| from a sale related to the judicial sales procedure set forth |
10 |
| in Part 15 of this Article or the methods of terminating |
11 |
| mortgagor's interest in real estate set forth in Part 14 of |
12 |
| this Article, the circuit court clerk shall charge and collect |
13 |
| a $20 fee for each deposit of surplus proceeds, unless |
14 |
| otherwise ordered by the court, which shall be paid to the |
15 |
| clerk at the time the surplus money is deposited with the |
16 |
| clerk. Of this $20 fee, $15 shall be deposited into the |
17 |
| county's general fund and $5 shall be deposited into the |
18 |
| Circuit Court Clerk Operation and Administrative Fund created |
19 |
| by the clerk of the circuit court.
|