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HB 2462 Illinois House · 94th Regular Session

RESIDENTIAL REAL PROPERTY HOME

Summary
Creates the Residential Real Property Homestead Exemptions Disclosure Act. Requires the sellers of residential real property to disclose to the buyers of the property the amount of each homestead exemption that applies to the seller's ownership of the property. Sets forth the requirements and procedures for making the disclosure. Provides that a buyer may void the sales contract if the disclosure is defective. Provides that no action for a violation of the Act may be commenced more than one year after the date of the buyers occupancy or the date that the instrument of conveyance is recorded, whichever is less. Requires a copy of this Act must be included with each disclosure. Contains other provisions. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2005
Committee Review
May 2005
House Passage
May 2005
Senate Passage
May 2005
Signed into Law
Aug 2005
Introduced Apr 6, 2005 Signed Aug 8, 2005
Floor votes · Senate May 19, 2005 · House May 28, 2005

How they voted

54–0
Passed · 1 other
Total votes 55
May 19, 2005
D Democratic29
28 Yea 1
96% Yea
R Republican26
26 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
58
Key actions
9
Committee
11
Amendments
12
Aug 8, 2005
Signed into law
Governor Approved
lower
May 28, 2005
Lower · Passed
Passed Both Houses
lower
May 28, 2005
Introduced
Senate Floor Amendment No. 1 House Concurs 112-000-000
lower
May 23, 2005
Lower · Passed
Senate Floor Amendment No. 1 Motion to Concur Recommends be Adopted Rules Committee; 003-002-000
lower
May 20, 2005
Committee
Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
lower
May 20, 2005
Introduced
Senate Floor Amendment No. 1 Motion Filed Concur Rep. Susana A Mendoza
lower
May 19, 2005
Introduced
Placed on Calendar Order of Concurrence Senate Amendment(s) 1
lower
May 19, 2005
Introduced
Arrived in House
lower
May 19, 2005
Amended
Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
upper
May 19, 2005
Upper · Passed
Senate Floor Amendment No. 1 Adopted; Hendon
upper
May 19, 2005
Senate · Passed
Senate Vote: pass (54-0-1)
senate
May 17, 2005
Upper · Passed
Senate Floor Amendment No. 2 To Subcommittee
upper
May 17, 2005
Introduced
Senate Floor Amendment No. 1 Recommend Do Adopt Housing & Community Affairs; 009-000-000
upper
May 16, 2005
Introduced
Senate Floor Amendment No. 2 Rules Refers to Housing & Community Affairs
upper
May 16, 2005
Introduced
Senate Floor Amendment No. 1 Rules Refers to Housing & Community Affairs
upper
May 9, 2005
Committee
Senate Floor Amendment No. 2 Referred to Rules
upper
May 9, 2005
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Iris Y. Martinez
upper
May 4, 2005
Committee
Senate Floor Amendment No. 1 Referred to Rules
upper
May 4, 2005
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Rickey R. Hendon
upper
May 4, 2005
Upper · Passed
Do Pass Housing & Community Affairs; 009-000-000
upper
Apr 21, 2005
Committee
Assigned to Housing & Community Affairs
upper
Apr 13, 2005
Committee
Referred to Rules
upper
Apr 6, 2005
Introduced
Arrive in Senate
upper
Mar 10, 2005
Lower · Passed
Do Pass as Amended / Short Debate Revenue Committee; 012-000-000
lower
Mar 10, 2005
Lower · Passed
House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote; Sub-committee
lower
Mar 10, 2005
Introduced
House Committee Amendment No. 1 Filed with Clerk by Revenue Committee
lower
Feb 18, 2005
Committee
Assigned to Revenue Committee
lower
Feb 17, 2005
Committee
Referred to Rules Committee
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.