(765 ILCS 5/35d)
Sec. 35d.
Execution; permanent index number.
In a county with 3,000,000 or more inhabitants, whenever any deed or instrument
of conveyance is executed, the grantor of residential property shall provide
the grantee of the property with an individual permanent index number or
numbers that specifically represent the legal description provided for in the
deed or instrument of conveyance. If the individual permanent index number or
numbers do not specifically
represent the legal description in the deed or instrument of conveyance,
the grantor shall provide one of the following:
(1) proof that a proper application for division |
| which requests division of property, a portion of which would result in a permanent index number or numbers that represent the legal description found in the deed or instrument of conveyance, has been filed with the county assessor;
|
|
(2) a recorded plat of subdivision that would result
|
| in the issuance of a permanent index number or numbers as described in subdivision (1); or
|
|
(3) a recorded condominium declaration that would
|
| result in the issuance of a permanent index number or numbers as described in subdivision (1).
|
|
If the grantor fails to provide the grantee with either a permanent index
number or numbers that represent the legal description found in the
deed or instrument of conveyance or one of the documents listed in subdivision
(1), (2), or (3), the grantor shall be personally liable to the grantee for
taxes pursuant to
Section 1-145 of the Property Tax Code and attorney's fees.
The grantor's liability shall continue to accrue until the permanent index
number or numbers that represent the legal description found in the
deed or instrument of conveyance or one of the documents listed in subdivision
(1), (2), or (3) is delivered to the grantee. The grantor's failure to provide
the permanent index number or numbers shall not invalidate the deed or
instrument of conveyance. A receipt from the county
assessor confirming that a proper application has been filed and that it meets
the requirements set by
the county assessor shall be deemed to be evidence of proper application for
division.
(Source: P.A. 92-450, eff. 8-21-01.)
|