MORTGAGE ACT-AUTHORIZED PERSON House SponsorsRep. Mark L. Walker Senate Sponsors(Sen. Laura M. Murphy) 7/19/2019HousePublic Act . . . . . . . . . 101-0097 765 ILCS 905/2from Ch. 95, par. 52765 ILCS 905/4from Ch. 95, par. 54 Amends the Mortgage Act. Adds a person authorized by the mortgagor, grantor, heir, legal representative, or assign to the list of those who may request that the mortgagee of real property shall make, execute, and deliver an instrument in writing releasing a mortgage or deed of trust. Provides that if any mortgagee or trustee shall not, within 30 days (rather than "one month") after the payment of the debt secured by the mortgage or trust deed complies with specific requirements, then he or she shall be liable for the sum of $200 to the aggrieved party. Provides that the successor in interest to the mortgagee or trustee shall not be liable for the $200 penalty if he or she complies with specific requirements within 30 days (rather than "one month") after succeeding to the interest. 2/14/2019HouseFiled with the Clerk by Rep. Mark L. Walker 2/14/2019HouseFirst Reading 2/14/2019HouseReferred to Rules Committee 2/26/2019HouseAssigned to Financial Institutions Committee 3/5/2019HouseDo Pass / Short Debate Financial Institutions Committee; 015-000-000 3/7/2019HousePlaced on Calendar 2nd Reading - Short Debate 3/19/2019HouseSecond Reading - Short Debate 3/19/2019HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/27/2019HouseThird Reading - Short Debate - Passed 111-000-000 3/27/2019SenateArrive in Senate 3/27/2019SenatePlaced on Calendar Order of First Reading 3/27/2019SenateChief Senate Sponsor Sen. Laura M. Murphy 3/27/2019SenateFirst Reading 3/27/2019SenateReferred to Assignments 4/24/2019SenateAssigned to Judiciary 5/2/2019SenateDo Pass Judiciary; 009-000-000 5/2/2019SenatePlaced on Calendar Order of 2nd Reading May 7, 2019 5/14/2019SenateSecond Reading 5/14/2019SenatePlaced on Calendar Order of 3rd Reading May 15, 2019 5/16/2019SenateThird Reading - Passed; 055-000-000 5/16/2019HousePassed Both Houses 6/14/2019HouseSent to the Governor 7/19/2019HouseGovernor Approved 7/19/2019HouseEffective Date January 1, 2020 7/19/2019HousePublic Act . . . . . . . . . 101-0097