LIMITATIONS-EQUITABLE MORTGAGE Senate SponsorsSen. Robert F. Martwick House Sponsors(Rep. Janet Yang Rohr) 1/10/2023SenateSession Sine Die 735 ILCS 5/13-115.1 newAmends the Limitations Article of the Code of Civil Procedure. Provides that an action to establish an equitable mortgage or equitable lien against real estate or a claim for subrogation to a prior mortgage shall be commenced within 10 years after the cause of action accrues. Provides that no person shall commence an action to foreclose any equitable mortgage, equitable lien against real estate, or subrogor's mortgage, unless the action is filed within 10 years after the cause of action accrues. Provides that, with exceptions, a cause of action accrues when the debt held by the equitable mortgagee, equitable lien claimant, or subrogee is in default by way of maturity, acceleration, demand, or otherwise. Provides that the amendatory language is declarative of existing law. 1/21/2022SenateFiled with Secretary by Sen. Robert F. Martwick 1/21/2022SenateFirst Reading 1/21/2022SenateReferred to Assignments 2/1/2022SenateAssigned to Judiciary 2/7/2022SenateTo Judiciary- Property Law 2/10/2022SenateRule 2-10 Committee Deadline Established As February 18, 2022 2/15/2022SenateReported Back To Judiciary; 003-000-000 2/16/2022SenateDo Pass Judiciary; 007-000-000 2/16/2022SenatePlaced on Calendar Order of 2nd Reading February 17, 2022 2/22/2022SenateSecond Reading 2/22/2022SenatePlaced on Calendar Order of 3rd Reading February 23, 2022 2/23/2022SenateThird Reading - Passed; 053-000-000 2/24/2022HouseArrived in House 2/24/2022HouseChief House Sponsor Rep. Lindsey LaPointe 2/24/2022HouseFirst Reading 2/24/2022HouseReferred to Rules Committee 3/7/2022HouseAssigned to Judiciary - Civil Committee 3/16/2022HouseAlternate Chief Sponsor Changed to Rep. Janet Yang Rohr 3/23/2022HouseDo Pass / Short Debate Judiciary - Civil Committee; 010-005-000 3/23/2022HousePlaced on Calendar 2nd Reading - Short Debate 3/29/2022HouseSecond Reading - Short Debate 3/29/2022HouseHeld on Calendar Order of Second Reading - Short Debate 3/31/2022HouseFinal Action Deadline Extended-9(b) April 8, 2022 4/4/2022HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Janet Yang Rohr 4/4/2022HouseHouse Floor Amendment No. 1 Referred to Rules Committee 4/5/2022HouseHouse Floor Amendment No. 1 Rules Refers to Judiciary - Civil Committee 4/11/2022HouseHouse Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee 4/11/2022HouseRule 19(a) / Re-referred to Rules Committee 1/10/2023SenateSession Sine Die