SB1443 - 104th General Assembly (2025-2026)
MORTGAGE DEBT-RELEASE
Last Action
08/01/2025 - Senate: Public Act . . . . . . . . . 104-0101
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Mortgage Act. Provides that the Act does not abrogate the Illinois common law that the payment in full of a debt secured by a mortgage extinguishes the lien. Provides that payment in full of a debt secured by a mortgage pursuant to a payoff statement, as defined in the Mortgage Certificate of Release Act, issued by or on behalf of the holder of the indebtedness extinguishes the lien of the mortgage. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 01/31/2025 | Senate | Filed with Secretary by Sen. Michael E. Hastings |
| 01/31/2025 | Senate | First Reading |
| 01/31/2025 | Senate | Referred to Assignments |
| 02/11/2025 | Senate | Assigned to Judiciary |
| 02/20/2025 | Senate | Do Pass Judiciary; 006-000-000 |
| 02/20/2025 | Senate | Placed on Calendar Order of 2nd Reading February 25, 2025 |
| 02/27/2025 | Senate | Second Reading |
| 02/27/2025 | Senate | Placed on Calendar Order of 3rd Reading March 4, 2025 |
| 04/04/2025 | Senate | Placed on Calendar Order of 3rd Reading ** |
| 04/09/2025 | Senate | Placed on Calendar Order of 3rd Reading |
| 04/09/2025 | Senate | Third Reading - Passed; 056-000-000 |
| 04/09/2025 | House | Arrived in House |
| 04/10/2025 | House | Chief House Sponsor Rep. Daniel Didech |
| 04/10/2025 | House | First Reading |
| 04/10/2025 | House | Referred to Rules Committee |
| 04/17/2025 | House | Assigned to Judiciary - Civil Committee |
| 04/23/2025 | House | Do Pass / Short Debate Judiciary - Civil Committee; 019-000-000 |
| 04/23/2025 | House | Placed on Calendar 2nd Reading - Short Debate |
| 05/16/2025 | House | Second Reading - Short Debate |
| 05/16/2025 | House | Held on Calendar Order of Second Reading - Short Debate |
| 05/22/2025 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 05/22/2025 | House | Third Reading - Short Debate - Passed 113-000-000 |
| 05/22/2025 | Senate | Passed Both Houses |
| 06/20/2025 | Senate | Sent to the Governor |
| 08/01/2025 | Senate | Governor Approved |
| 08/01/2025 | Senate | Effective Date August 1, 2025 |
| 08/01/2025 | Senate | Public Act . . . . . . . . . 104-0101 |