SB 2221 Illinois Senate · 104th Regular Session

PROBATE SALE-MORTGAGE PROPERTY

Summary

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 may not direct the sale without the secured creditor's 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 effective administration of the estate. Effective immediately.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 7, 2025 Last action Mar 21, 2025

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 21, 2025

Committee

Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

upper

Mar 21, 2025

Committee

Rule 3-9(a) / Re-referred to Assignments

upper

Mar 18, 2025

Upper · Passed

Senate Committee Amendment No. 1 Assignments Refers to Judiciary

upper

Mar 14, 2025

Committee

Senate Committee Amendment No. 1 Referred to Assignments

upper

Mar 14, 2025

Introduced

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick

upper

Feb 25, 2025

Committee

Assigned to Judiciary

upper

Feb 7, 2025

Committee

Referred to Assignments

upper

1 primary · 0 co-sponsors