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Relevant Illinois Laws
2021 New Illinois Laws
Mortgage Rescue Fraud Act
2021 New Illinois Laws
Missing Persons Identification Act
HB 2708 (Public Act 101-0266)
The Act is amended to require law enforcement to report relevant information and DNA data about missing person’s cases to the National Missing and Unidentified Persons (NamUs)
Address Confidentiality for Victims of Domestic Violence Act
HB 2818 (Public Act 101-0270)
The Act is expanded to include sexual assault and stalking as reasons a victim may also apply for the address confidentiality program. Your abuser shouldn’t know where you live. Survivors of sexual assault or stalking can apply to keep their address confidential.
Insulin Cost Cap
SB 667 (Public Act 101-0625)
Illinois becomes the 2nd State in the nation to help reduce patients out-of-pocket prescription costs for insulin by capping co-payments at $100 for a 30-day supply.
Minimum Wage Increase
The hourly minimum wage will increase from $10 to $11. The IL General Assembly passed increases to the minimum wage in 2019, raising the minimum wage $1 every year until it reaches $15 per hour in 2025.
2020 New Illinois Laws
Mortgage Rescue Fraud Act
2021 New Illinois Laws
HB 357 Business Interruption Grant
This is a state run economic support program created in response to COVID-19, to provide relief to small businesses.
HB 1786
Failure to pay parking tickets or finds for a non-moving violation will no longer result in the loss of your driver's license.
HB 2386
Driver's involved in an accident while using a phone and thereby injure someone, will be subject to a minimum $1000 fine and could have their driver's license revoked.
HB 246 & HB 2265
Public school students will learn about the roles and contributions of LGBTQ+ community and middle school students will receive a semester of civics education.
Mortgage Rescue Fraud Act
Mortgage Rescue Fraud Act
Mortgage Rescue Fraud Act
CODE/REGULATION:
765 ILCS 940/1 (PA 94-822; SB 2349)
EFFECTIVE DATE:
January 1, 2007
DESCRIPTION: this Act sets forth requirements and guidelines for agreements between property owners facing foreclosure and a rescue company offering to assist a property owner in protecting their interest in their property typically through the sale of the property by the property owner to the rescue company with a leaseback agreement after the sale of the property to allow the property owner to lease the property from the rescue company with an option to purchase, allegedly with the belief that the purchaser will actually repurchase the property.
Upon the recording of a Quit Claim Deed with the Cook County Recorder of Deeds (CCRD), the CCRD is now required to send a postcard notice to the prior owner of record to inform the owner of the recording of the quit claim.
Condominium Property Act
Chicago Home Buyers Assistance Program
Mortgage Rescue Fraud Act
Condominium Property Act (Amendment)
CODE/REGULATION:
765 ILCS 940/1 (PA 94-1049; SB 2570)
EFFECTIVE DATE:January 1, 2007
DESCRIPTION: This amendment provides that a purchaser of a condominium unit through a judicial sale shall have a duty to pay the proportionate share, if any, of common expenses remaining unpaid for the period of 6 months preceding the filing of the foreclosure action resulting in the judicial sale. The notice of sale provision is also amended to require a warning of this possible liability to potential purchasers.
Chicago Home Buyers Assistance Program
Chicago Home Buyers Assistance Program
Chicago Home Buyers Assistance Program
City of Chicago Home Buyers Assistance Program
This program provides financial assistance for down payment and closing costs to help Chicago residents purchase their home. Click here to see if you're eligible.
https://www.cityofchicago.org/city/en/depts/mayor/supp_info/home_buyer_program.html
Chicago Transfer Tax
Chicago Home Buyers Assistance Program
Chicago Home Buyers Assistance Program
Illinois Real Estate Transfer Tax Law
CODE/REGULATION:
35 ILCS 200/31 (PA 93-657; SB 572)
EFFECTIVE DATE:
DESCRIPTION: Chicago City Council approved a 40% increase to the Chicago Transfer Tax Stamp, increasing the amount purchasers must pay upon the purchase of real estate in the city of Chicago from $7.50 per $1000 of the purchase price to $10.50 per $1000