SB2951 - 104th General Assembly (2025-2026)

MORTGAGE FORECLOSURE TIME
Last Action
2/03/2026 - Senate: Assigned to Judiciary
Hearings
Judiciary Hearing Feb 18 2026 4:00PM Capitol 400 Springfield, IL
Statutes Amended In Order of Appearance
735 ILCS 5/13-115  from Ch. 110, par. 13-115
735 ILCS 5/13-206  from Ch. 110, par. 13-206
755 ILCS 5/20-6  from Ch. 110 1/2, par. 20-6
Synopsis As Introduced
Amends the Code of Civil Procedure. Provides that any indebtedness of any kind that is secured by a mortgage or deed of trust in the nature of a mortgage has a 10-year period to commence an action. 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 shall not direct the sale without the secured creditors' 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 proper administration of the estate. Effective immediately.
Actions
DateChamberAction
2/03/2026SenateFiled with Secretary by Sen. Robert F. Martwick
2/03/2026SenateFirst Reading
2/03/2026SenateReferred to Assignments
2/03/2026SenateAssigned to Judiciary