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IL HB5630
Bill
Status
Engrossed
3/26/2010
Primary Sponsor
Dan Brady
Click for details
AI Summary
- Adds Section 155.43 to the Illinois Insurance Code requiring mortgagees, judgment creditors, and lien holders to notify the last-known insurer of a residential building when they become mortgagee-in-possession
- Notice must be provided in writing by first-class mail or electronically within 10 business days of acquiring mortgagee-in-possession status
- Effective date is January 1, 2011
Legislative Description
REGULATION-TECH
Last Action
Senate Floor Amendment No. 1 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b).
6/27/2010
Committee Referrals
Assignments6/27/2010
Judiciary4/13/2010
Assignments4/12/2010
Executive3/8/2010
Rules2/9/2010
Full Bill Text
No bill text available