Fabio
163 lines
12 KiB
Markdown
163 lines
12 KiB
Markdown
---
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type: "Bill"
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title: "INSTALLMENT SALES CONTRACTS"
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description: "Repeals the Dwelling Structure Contract Act and the Dwelling Unit Installment Contract Act. Creates the Installment Sales Contract Act. Adds provisions governing: definitions; terms and conditions of installment sales contracts; applicability of other Acts; sales of condemned dwelling structures; repairs; account statements; transfer of payments; insurance proceeds; unlawful acts; waivers; and penalties. Makes corresponding changes in the Condominium Property Act. Amends the Code of Civil Procedure. Provides that a real estate installment contract for residential real estate is subject to the foreclosure provisions of the Code if the purchase price is to be paid in installments over a period in excess of one year (instead of 5 years) and the amount unpaid under the terms of the contract at the time of the filing of the foreclosure complaint, including principal and due and unpaid interest, at the rate prior to default, is less than 90% (instead of 80%) of the original purchase price of the real estate as stated in the contract. Effective January 1, 2018."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "100th"
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identifier: "SB 885"
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citation: "Illinois SB 885 (100th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 93
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vote_count: 5
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first_action: "2017-02-07"
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last_action: "2017-08-25"
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source: "openstates"
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source_identifier: "ocd-bill/521f1746-a266-42e2-beea-26faf9064452"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=885&GAID=14&DocTypeID=SB&LegId=102754&SessionID=91&GA=100"
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source_hash: "2e2b53a4d4cce7ed706193a413b4005a67abe811f4ab0ff58bae094e6b0bcbd9"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 885 (100th) — INSTALLMENT SALES CONTRACTS
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Repeals the Dwelling Structure Contract Act and the Dwelling Unit Installment Contract Act. Creates the Installment Sales Contract Act. Adds provisions governing: definitions; terms and conditions of installment sales contracts; applicability of other Acts; sales of condemned dwelling structures; repairs; account statements; transfer of payments; insurance proceeds; unlawful acts; waivers; and penalties. Makes corresponding changes in the Condominium Property Act. Amends the Code of Civil Procedure. Provides that a real estate installment contract for residential real estate is subject to the foreclosure provisions of the Code if the purchase price is to be paid in installments over a period in excess of one year (instead of 5 years) and the amount unpaid under the terms of the contract at the time of the filing of the foreclosure complaint, including principal and due and unpaid interest, at the rate prior to default, is less than 90% (instead of 80%) of the original purchase price of the real estate as stated in the contract. Effective January 1, 2018.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000SB0885&GA=100&SessionId=91&DocTypeId=SB&LegID=102754&DocNum=885&GAID=14&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000SB0885eng&GA=100&SessionId=91&DocTypeId=SB&LegID=102754&DocNum=885&GAID=14&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000SB0885enr&GA=100&SessionId=91&DocTypeId=SB&LegID=102754&DocNum=885&GAID=14&Session=&print=true)
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## Votes
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- Concurrence — **54–0** (pass) · upper
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- Third Reading — **37–19** (pass) · upper
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- Concurrence — **54–0** (pass) · upper
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- Concurrence — **54–0** (pass) · upper
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- Third Reading — **115–0** (pass) · lower
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## Sponsors
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- Al Riley — cosponsor (person)
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- Barbara Flynn Currie — cosponsor (person)
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- Camille Y. Lilly — cosponsor (person)
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- David Koehler — primary (person)
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- Emanuel Chris Welch — cosponsor (person)
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- LaToya Greenwood — cosponsor (person)
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- Marcus C. Evans, Jr. — cosponsor (person)
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- Michelle Mussman — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2017-02-07** Filed with Secretary by Sen. David Koehler `filing`
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- **2017-02-07** First Reading `reading-1`
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- **2017-02-07** Referred to Assignments `referral-committee`
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- **2017-02-08** Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
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- **2017-02-08** Added as Chief Co-Sponsor Sen. Iris Y. Martinez
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- **2017-02-08** Assigned to Judiciary `referral-committee`
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- **2017-02-09** Added as Co-Sponsor Sen. Bill Cunningham
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- **2017-02-16** Postponed - Judiciary
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- **2017-02-16** Added as Chief Co-Sponsor Sen. James F. Clayborne, Jr.
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- **2017-03-01** Postponed - Judiciary
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- **2017-03-02** Added as Co-Sponsor Sen. Cristina Castro
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- **2017-03-09** Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
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- **2017-03-15** Do Pass Judiciary; 011-000-000 `committee-passage`
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- **2017-03-15** Placed on Calendar Order of 2nd Reading March 16, 2017
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- **2017-04-04** Senate Floor Amendment No. 1 Filed with Secretary by Sen. David Koehler `amendment-introduction`
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- **2017-04-04** Senate Floor Amendment No. 1 Referred to Assignments `referral-committee`
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- **2017-04-05** Senate Floor Amendment No. 1 Assignments Refers to Judiciary
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- **2017-04-06** Senate Floor Amendment No. 1 Postponed - Judiciary
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- **2017-04-07** Added as Co-Sponsor Sen. Melinda Bush
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- **2017-04-25** Added as Co-Sponsor Sen. Linda Holmes
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- **2017-04-26** Second Reading `reading-2`
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- **2017-04-26** Placed on Calendar Order of 3rd Reading April 27, 2017
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- **2017-04-27** Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 008-003-000
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- **2017-04-28** Rule 2-10 Third Reading Deadline Established As May 31, 2017 `reading-3`
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- **2017-05-03** Recalled to Second Reading `reading-2`
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- **2017-05-03** Senate Floor Amendment No. 1 Adopted; Koehler `amendment-passage`
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- **2017-05-03** Placed on Calendar Order of 3rd Reading
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- **2017-05-03** Added as Co-Sponsor Sen. Mattie Hunter
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- **2017-05-03** Added as Co-Sponsor Sen. Ira I. Silverstein
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- **2017-05-03** Third Reading - Passed; 037-019-000 `reading-3, passage`
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- **2017-05-03** Arrived in House `introduction`
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- **2017-05-03** Chief House Sponsor Rep. Jehan Gordon-Booth
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- **2017-05-09** First Reading `reading-1`
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- **2017-05-09** Referred to Rules Committee `referral-committee`
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- **2017-05-11** Added Alternate Chief Co-Sponsor Rep. Margo McDermed
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- **2017-05-15** Assigned to Judiciary - Civil Committee `referral-committee`
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- **2017-05-15** Added Alternate Co-Sponsor Rep. Emanuel Chris Welch
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- **2017-05-16** To Real & Personal Property Law Subcommittee
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- **2017-05-17** Added Alternate Chief Co-Sponsor Rep. La Shawn K. Ford
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- **2017-05-17** House Committee Amendment No. 1 Filed with Clerk by Rep. Jehan Gordon-Booth `amendment-introduction`
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- **2017-05-17** House Committee Amendment No. 1 Referred to Rules Committee `referral-committee`
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- **2017-05-17** House Committee Amendment No. 2 Filed with Clerk by Rep. Jehan Gordon-Booth `amendment-introduction`
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- **2017-05-17** House Committee Amendment No. 2 Referred to Rules Committee `referral-committee`
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- **2017-05-18** House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
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- **2017-05-18** House Committee Amendment No. 2 Rules Refers to Judiciary - Civil Committee
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- **2017-05-18** Added Alternate Chief Co-Sponsor Rep. Michael Halpin
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- **2017-05-18** Added Alternate Chief Co-Sponsor Rep. Carol Ammons
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- **2017-05-19** Committee Deadline Extended-Rule 9(b) May 26, 2017
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- **2017-05-19** House Committee Amendment No. 1 Committee Deadline Extended-Rule 9(b) May 26, 2017
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- **2017-05-19** House Committee Amendment No. 2 Committee Deadline Extended-Rule 9(b) May 26, 2017
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- **2017-05-22** House Committee Amendment No. 3 Filed with Clerk by Rep. Jehan Gordon-Booth `amendment-introduction`
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- **2017-05-22** House Committee Amendment No. 3 Referred to Rules Committee `referral-committee`
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- **2017-05-23** House Committee Amendment No. 3 Rules Refers to Judiciary - Civil Committee
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- **2017-05-24** Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000 `committee-passage`
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- **2017-05-24** Reported Back To Judiciary - Civil Committee;
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- **2017-05-24** House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote `amendment-passage`
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- **2017-05-24** House Committee Amendment No. 2 Adopted in Judiciary - Civil Committee; by Voice Vote `amendment-passage`
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- **2017-05-24** House Committee Amendment No. 3 Adopted in Judiciary - Civil Committee; by Voice Vote `amendment-passage`
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- **2017-05-24** Do Pass as Amended / Short Debate Judiciary - Civil Committee; 009-000-000 `committee-passage`
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- **2017-05-24** Placed on Calendar 2nd Reading - Short Debate
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- **2017-05-24** Second Reading - Short Debate `reading-2`
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- **2017-05-24** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2017-05-26** Final Action Deadline Extended-9(b) May 31, 2017
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- **2017-05-30** Third Reading - Short Debate - Passed 115-000-000 `reading-3, passage`
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- **2017-05-30** Added Alternate Co-Sponsor Rep. Al Riley
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- **2017-05-30** Added Alternate Co-Sponsor Rep. Michelle Mussman
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- **2017-05-30** Added Alternate Co-Sponsor Rep. Barbara Flynn Currie
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- **2017-05-30** Added Alternate Co-Sponsor Rep. LaToya Greenwood
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- **2017-05-30** Added Alternate Co-Sponsor Rep. Camille Y. Lilly
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- **2017-05-30** Added Alternate Co-Sponsor Rep. Marcus C. Evans, Jr.
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- **2017-05-31** Secretary's Desk - Concurrence House Amendment(s) 1, 2, 3
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- **2017-05-31** Placed on Calendar Order of Concurrence House Amendment(s) 1, 2, 3 - May 31, 2017
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- **2017-05-31** House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. David Koehler `filing`
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- **2017-05-31** House Committee Amendment No. 1 Motion to Concur Referred to Assignments `referral-committee`
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- **2017-05-31** House Committee Amendment No. 2 Motion to Concur Filed with Secretary Sen. David Koehler `filing`
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- **2017-05-31** House Committee Amendment No. 2 Motion to Concur Referred to Assignments `referral-committee`
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- **2017-05-31** House Committee Amendment No. 3 Motion to Concur Filed with Secretary Sen. David Koehler `filing`
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- **2017-05-31** House Committee Amendment No. 3 Motion to Concur Referred to Assignments `referral-committee`
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- **2017-05-31** House Committee Amendment No. 1 Motion to Concur Assignments Referred to Licensed Activities and Pensions `referral-committee`
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- **2017-05-31** House Committee Amendment No. 2 Motion to Concur Assignments Referred to Licensed Activities and Pensions `referral-committee`
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- **2017-05-31** House Committee Amendment No. 3 Motion to Concur Assignments Referred to Licensed Activities and Pensions `referral-committee`
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- **2017-05-31** House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 012-000-000
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- **2017-05-31** House Committee Amendment No. 2 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 012-000-000
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- **2017-05-31** House Committee Amendment No. 3 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 012-000-000
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- **2017-05-31** House Committee Amendment No. 1 Senate Concurs 054-000-000
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- **2017-05-31** House Committee Amendment No. 2 Senate Concurs 054-000-000
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- **2017-05-31** House Committee Amendment No. 3 Senate Concurs 054-000-000
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- **2017-05-31** Senate Concurs
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- **2017-05-31** Passed Both Houses
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- **2017-06-29** Sent to the Governor `executive-receipt`
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- **2017-08-25** Governor Approved `executive-signature`
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- **2017-08-25** Effective Date January 1, 2018
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- **2017-08-25** Public Act . . . . . . . . . 100-0416 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/521f1746-a266-42e2-beea-26faf9064452`. Confidence: reported (aggregated from official Illinois legislature records).
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