<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4394   </title>
<shortdesc>REAL ESTATE LIC-ESCROW MONEYS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. LaShawn K. Ford</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>225 ILCS 454/20-20</reference><aliasreference></aliasreference><SynopsisText>     Amends the Real Estate License Act of 2000. Provides that, prior to the consummation or termination of a transaction, escrow moneys shall be deemed abandoned and transferred to the Office of the State Treasurer to be handled as unclaimed property pursuant to the Uniform Disposition of Unclaimed Property Act only: (i) in the absence of disbursement under certain conditions; (ii) in the absence of notice of the filing of any claim in a court of competent jurisdiction; and (iii) if 6 months have elapsed after the receipt of a written demand for the escrow moneys from one of the principals to the transaction or the principal's duly authorized agent.</SynopsisText></synopsis>
<actions>
<statusdate>1/10/2008</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. LaShawn K. Ford</action>
<statusdate>1/11/2008</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/11/2008</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>4/14/2008</statusdate><chamber>House</chamber><action>Final Action Deadline Extended-9(b) April 18, 2008</action>
<statusdate>4/14/2008</statusdate><chamber>House</chamber><action>Assigned to Registration and Regulation Committee</action>
<statusdate>4/18/2008</statusdate><chamber>House</chamber><action>Final Action Deadline Extended-9(b) May 9, 2008</action>
<statusdate>5/9/2008</statusdate><chamber>House</chamber><action>Final Action Deadline Extended-9(b) May 23, 2008</action>
<statusdate>5/23/2008</statusdate><chamber>House</chamber><action>Final Action Deadline Extended-9(b) May 31, 2008</action>
<statusdate>5/31/2008</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

