PROP TAX-BILLS-MORTGAGE LENDER

Amends the Property Tax Code. Provides that, as a matter of public policy, for taxes imposed for the 2004 taxable year, payable in 2005, and for each taxable year thereafter the requirement that a mortgage lender must send a copy of the tax bill to each mortgagor of the property may not be waived. Provides that if that requirement was waived before the effective date of this amendatory Act of the 93rd General Assembly, that waiver is void and the mortgage lender must send a copy of the tax bill to each mortgagor of the property beginning with the 2004 taxable year. Effective immediately.