Bill Status of SB3815  102nd General Assembly


Short Description:  DISTRESSED PROPERTY CONVEYANCE

Senate Sponsors
Sen. Donald P. DeWitte

Last Action
DateChamber Action
  1/21/2022SenateReferred to Assignments

Statutes Amended In Order of Appearance
765 ILCS 940/40
765 ILCS 940/55


Synopsis As Introduced
Amends the Mortgage Rescue Fraud Act. Requires, within 3 days of the execution of a distressed property conveyance contract, the distressed property purchaser to provide a copy of the contract to any party that has purchased taxes in connection with the distressed property at a tax sale. Allows a party that does not receive a copy of a distressed property conveyance contract to bring a civil action under the Consumer Fraud and Deceptive Business Practices Act.

Actions 
DateChamber Action
  1/21/2022SenateFiled with Secretary by Sen. Donald P. DeWitte
  1/21/2022SenateFirst Reading
  1/21/2022SenateReferred to Assignments