Illinois General Assembly - Full Text of HB4577
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Full Text of HB4577  95th General Assembly

HB4577eng 95TH GENERAL ASSEMBLY



 


 
HB4577 Engrossed 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. For any surplus
8 being deposited by the circuit court clerk or the sheriff as
9 directed by the court, the clerk shall charge and collect a $20
10 fee for each deposit of surplus proceeds, unless otherwise
11 ordered by the court, which shall be paid to the clerk at the
12 time the surplus money is deposited. Of this $20 fee, $15 shall
13 be deposited into the county's general fund and $5 shall be
14 deposited into the Circuit Court Clerk Operation and
15 Administrative Fund created by the clerk of the circuit court.
16 The clerk of the circuit court shall notify each defendant
17 mortgagor by mail at the last address provided by the
18 defendants that a surplus was deposited with the clerk of the
19 circuit court and that a petition may be filed for turnover of
20 surplus funds. If no address was provided to the clerk of the
21 circuit court by the defendants, the clerk of the circuit court
22 shall not notify the defendants of the deposit of the surplus
23 proceeds.