FIN-BANKING/RELEASE OF LIEN
Summary
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.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
Governor
Introduced Jan 19, 2022
Last action Jan 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
3
Jan 10, 2023
Senate · Failed
Session Sine Die
Feb 10, 2022
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Jan 26, 2022
Senate · Referred to committee
Assigned to Judiciary
Jan 19, 2022
Senate · Referred to committee
Referred to Assignments
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Laura Murphy
DDemocratic
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