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IL SB2539

Bill

Status

Failed

1/13/2021

Primary Sponsor

Michael Hastings

Click for details

Origin

Senate

101st General Assembly

AI Summary

SB2539 Summary

  • Amends Illinois mortgage foreclosure law to allow courts to approve mortgagee's fees and costs incurred prior to the foreclosure judgment but not included in that judgment when confirming a property sale.

  • Permits the confirmation order to approve mortgagee's fees and costs arising between entry of the foreclosure judgment and the confirmation hearing under the same terms allowed in the note, mortgage, and Section 15-1504.

  • Effective January 1, 2021.

Legislative Description

FORECLOSURE-SALE CONFIRMATION

Last Action

Session Sine Die

1/13/2021

Committee Referrals

Assignments4/12/2020
Judiciary2/4/2020
Assignments1/28/2020

Full Bill Text

No bill text available