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Public Act 099-0253
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| HB1319 Enrolled | LRB099 04863 HEP 24892 b |
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AN ACT concerning civil law.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Security Deposit Interest Act is amended by |
changing Section 2 as follows:
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(765 ILCS 715/2) (from Ch. 80, par. 122)
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Sec. 2.
The lessor shall, within 30 days after the end of |
each 12 month rental
period, pay to the lessee any interest |
that has accumulated to an amount of $5 or more, by cash or |
credit to be
applied to rent due, except when the lessee is in |
default under the terms
of the lease. The lessor shall pay all |
interest that has accumulated and remains unpaid, regardless of |
the amount, upon termination of the tenancy. |
A lessor who willfully fails or refuses to pay the interest |
required by
this Act shall, upon a finding by a circuit court |
that he has willfully
failed or refused to pay, be liable for |
an amount equal to the amount of
the security deposit, together |
with court costs and reasonable attorneys fees.
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(Source: P.A. 79-1428.)
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