<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 211          </title>
<shortdesc>FIN-BANKING/RELEASE OF LIEN</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Laura M. Murphy</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>205 ILCS 5/48.7 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Banking Act. Provides that a bank or financial institution that has provided a loan for the purchase of personal property and attached a lien on that property shall deliver to the lienee a certificate of release, for recording, within 10 days after receipt of total payment pursuant to the bank's or financial institution's written payoff statement.</SynopsisText></synopsis>
<actions>
<statusdate>1/31/2023</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Laura M. Murphy</action>
<statusdate>1/31/2023</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/31/2023</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/7/2023</statusdate><chamber>Senate</chamber><action>Assigned to Judiciary</action>
<statusdate>2/15/2023</statusdate><chamber>Senate</chamber><action>Postponed - Judiciary</action>
<statusdate>3/10/2023</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/10/2024</statusdate><chamber>Senate</chamber><action>Re-assigned to Judiciary</action>
<statusdate>3/15/2024</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

