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<xml>
<title>Illinois General Assembly - Bill Status for SB 71           </title>
<shortdesc>INSTALLMENT SALES CONTRACT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. David Koehler-Jacqueline Y. Collins</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Daniel Didech)</altsponsors>
</sponsor>
<lastaction>
<statusdate>7/9/2021</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 102-0071</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>735 ILCS 5/9-102</reference><aliasreference>from Ch. 110, par. 9-102</aliasreference><SynopsisText>Amends the Eviction Article of the Code of Civil Procedure. Deletes language that precludes an eviction action in the case of a vendee obtaining possession under a written or verbal agreement to purchase lands or tenements, failing to comply with the agreement, and withholding possession thereof, where the purchase price is to be paid in installments over a period in excess of 5 years and the amount unpaid under the terms of the contract at the time of the filing of a foreclosure complaint is less than 80% of the original purchase price. Provides instead that any agreement for residential real estate that is an installment sales contract and the amount unpaid under the terms of the contract at the time of the filing of the foreclosure complaint, including principal and due and unpaid interest, at the rate prior to default, is less than 80% of the original purchase price of the real estate as stated in the contract is subject to foreclosure. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/29/2021</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. David Koehler</action>
<statusdate>1/29/2021</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/29/2021</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/9/2021</statusdate><chamber>Senate</chamber><action>Assigned to Judiciary</action>
<statusdate>3/2/2021</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins</action>
<statusdate>3/9/2021</statusdate><chamber>Senate</chamber><action>Do Pass Judiciary;  007-000-000</action>
<statusdate>3/9/2021</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 10, 2021</action>
<statusdate>3/10/2021</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/10/2021</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading ** March 16, 2021</action>
<statusdate>4/21/2021</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 055-001-000</action>
<statusdate>4/22/2021</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>4/22/2021</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Daniel Didech</action>
<statusdate>4/23/2021</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>4/23/2021</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>4/28/2021</statusdate><chamber>House</chamber><action>Assigned to Judiciary - Civil Committee</action>
<statusdate>5/5/2021</statusdate><chamber>House</chamber><action>Do Pass / Consent Calendar Judiciary - Civil Committee;  016-000-000</action>
<statusdate>5/5/2021</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Consent Calendar</action>
<statusdate>5/7/2021</statusdate><chamber>House</chamber><action>Removed from Consent Calendar Status Rep. Dan Brady</action>
<statusdate>5/7/2021</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>5/19/2021</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>5/19/2021</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>5/20/2021</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 115-000-000</action>
<statusdate>5/20/2021</statusdate><chamber>Senate</chamber><action>Passed Both Houses</action>
<statusdate>6/17/2021</statusdate><chamber>Senate</chamber><action>Sent to the Governor</action>
<statusdate>7/9/2021</statusdate><chamber>Senate</chamber><action>Governor Approved</action>
<statusdate>7/9/2021</statusdate><chamber>Senate</chamber><action>Effective Date July 9, 2021</action>
<statusdate>7/9/2021</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 102-0071</action>
</actions>
</xml>

