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IL SB3496

Bill

Official Source

Status

Failed

1/13/2021

Primary Sponsor

Ram Villivalam

Click for details

Origin

Senate

101st General Assembly

AI Summary

  • Amends the Mechanics Lien Act (770 ILCS 60/6) to extend the sunset date for provisions governing mechanics liens from December 31, 2020 to December 31, 2025.

  • Eliminates the requirement to fix a completion time or payment deadline in contracts to obtain a lien under the Act.

  • Establishes a 3-year period for residential property work or material and a 5-year period for other types of property work or material to qualify for a lien.

  • Makes the changes from Public Act 97-966 operative from January 1, 2013 through December 31, 2025.

  • Takes effect immediately upon becoming law.

Legislative Description

MECHANICS LIEN-COMPLETION TIME

Last Action

Session Sine Die

1/13/2021

Committee Referrals

Assignments4/12/2020
Judiciary2/25/2020
Assignments2/14/2020

Full Bill Text

No bill text available