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Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
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(735 ILCS 5/12-911) (from Ch. 110, par. 12-911) (Text of Section before amendment by P.A. 104-120) Sec. 12-911. Notice to judgment debtor. In case the value of the premises
is, in the opinion of the commissioners, more than $15,000, and
cannot be
divided as is provided for in Section 12-910 of this Act, they shall make
and sign an appraisal of the value thereof, and deliver the same to the
officer, who shall deliver a copy thereof to the judgment debtor, or to
some one of the family of the age of 13 years or upwards, with a
notice thereto attached that
unless the judgment debtor pays to such officer the surplus over and above
$15,000 on the amount due on the judgment within 60 days
thereafter, such
premises will be sold.(Source: P.A. 94-293, eff. 1-1-06.) (Text of Section after amendment by P.A. 104-120) Sec. 12-911. Notice to judgment debtor. In case the value of the premises is, in the opinion of the commissioners, more than $50,000 for premises owned by an individual owner or $100,000 for premises owned by 2 or more individual owners, and cannot be divided as is provided for in Section 12-910 of this Act, they shall make and sign an appraisal of the value thereof, and deliver the same to the officer, who shall deliver a copy thereof to the judgment debtor, or to some one of the family of the age of 13 years or upwards, with a notice thereto attached that unless the judgment debtor pays to such officer the surplus over and above $50,000 for premises owned by an individual owner or $100,000 for premises owned by 2 or more individual owners on the amount due on the judgment within 60 days thereafter, such premises will be sold.(Source: P.A. 104-120, eff. 1-1-26.) |