Bill Status of HB5367 101st General Assembly
Short Description: MUNI-UNSAFE PROP RECEIVERSHIP
Rep. André Thapedi
| 1/13/2021||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Unsafe Property Division of the Illinois Municipal Code. Provides that if the holder of a receiver's certificate, note, or lien incurs or expends any sums enforcing the certificate, note, or a lien, whether by foreclosure or otherwise, the holder of the receiver's certificate, note, or lien is entitled to recover the reasonable fees and expenses incurred or expended in enforcing the receiver's certificate, note, or lien, including, but not limited to, attorney's fees, title searches or examinations, process server fees, publication charges, sheriff's sale costs, and court filing fees. Provides that the amount of fees and costs shall be added to the indebtedness secured by the receiver's certificate, note, or lien. Effective immediately.