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HB4577 Engrossed |
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LRB095 16840 AJO 42878 b |
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| AN ACT concerning civil law.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Code of Civil Procedure is amended by adding |
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| Section 15-1406 as follows:
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| (735 ILCS 5/15-1406 new) |
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| Sec. 15-1406. Sale surplus deposit fee. For any surplus |
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| being deposited by the circuit court clerk or the sheriff as |
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| directed by the court, the clerk shall charge and collect a $20 |
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| fee for each deposit of surplus proceeds, unless otherwise |
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| ordered by the court, which shall be paid to the clerk at the |
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| time the surplus money is deposited. Of this $20 fee, $15 shall |
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| be deposited into the county's general fund and $5 shall be |
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| deposited into the Circuit Court Clerk Operation and |
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| Administrative Fund created by the clerk of the circuit court. |
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| The clerk of the circuit court shall notify each defendant |
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| mortgagor by mail at the last address provided by the |
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| defendants that a surplus was deposited with the clerk of the |
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| circuit court and that a petition may be filed for turnover of |
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| surplus funds. If no address was provided to the clerk of the |
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| circuit court by the defendants, the clerk of the circuit court |
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| shall not notify the defendants of the deposit of the surplus |
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| proceeds.
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