SB2951 - 104th General Assembly (2025-2026)

MORTGAGE FORECLOSURE TIME
Last Action
3/12/2026 - Senate: Placed on Calendar Order of 3rd Reading March 24, 2026
Statutes Amended In Order of Appearance
735 ILCS 5/13-115  from Ch. 110, par. 13-115
735 ILCS 5/13-206  from Ch. 110, par. 13-206
755 ILCS 5/20-6  from Ch. 110 1/2, par. 20-6
Synopsis As Introduced
Amends the Code of Civil Procedure. Provides that any indebtedness of any kind that is secured by a mortgage or deed of trust in the nature of a mortgage has a 10-year period to commence an action. Amends the Probate Act of 1975. Provides that in any proceeding to sell or mortgage real estate, if the secured creditors cannot be satisfied in full, then the court shall not direct the sale without the secured creditors' approval to accept partial satisfaction; and if the secured creditors cannot be satisfied in full, a sale of the property is not considered necessary for the proper administration of the estate. Effective immediately.
Actions
DateChamberAction
2/03/2026SenateFiled with Secretary by Sen. Robert F. Martwick
2/03/2026SenateFirst Reading
2/03/2026SenateReferred to Assignments
2/03/2026SenateAssigned to Judiciary
2/18/2026SenatePostponed - Judiciary
2/25/2026SenatePostponed - Judiciary
3/11/2026SenateDo Pass Judiciary; 009-000-000
3/11/2026SenatePlaced on Calendar Order of 2nd Reading March 12, 2026
3/12/2026SenateSecond Reading
3/12/2026SenatePlaced on Calendar Order of 3rd Reading March 24, 2026