Illinois General Assembly - Bill Status for SB3480
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 Bill Status of SB3480  102nd General Assembly

Short Description:  FIN-BANKING/RELEASE OF LIEN

Senate Sponsors
Sen. Laura M. Murphy

Last Action
DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 5/48.7 new


Synopsis As Introduced
Amends the Illinois Banking Act. Provides that a bank or financial institution that has provided a loan for the purchase of personal property and attached a lien on that property shall deliver to the lienee a certificate of release, for recording, within 10 days after receipt of total payment pursuant to the bank's or financial institution's written payoff statement.

Actions 
DateChamber Action
  1/19/2022SenateFiled with Secretary by Sen. Laura M. Murphy
  1/19/2022SenateFirst Reading
  1/19/2022SenateReferred to Assignments
  1/26/2022SenateAssigned to Judiciary
  2/7/2022SenatePostponed - Judiciary
  2/10/2022SenateRule 3-9(a) / Re-referred to Assignments
  1/10/2023SenateSession Sine Die

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