Fabio
102 lines
7.1 KiB
Markdown
102 lines
7.1 KiB
Markdown
---
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type: "Bill"
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title: "CIV PRO-SHORT SALE RESALE"
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description: "Amends the Mortgage Foreclosure Article of the Code of Civil Procedure in relation to short sales of property. Provides that, if an offer to purchase either a mortgage or residential property is made by an entity with a tax-exempt filing status under Section 501(c)(3) of the Internal Revenue Code for the purpose of reselling that mortgage or residential property to the mortgagor, and financing for the repurchase will be provided by a certified community development financial institution, an affidavit, statement, agreement, or addendum limiting ownership or occupancy of the residential property by the mortgagor shall not provide a basis to avoid a sale or transfer, nor is it enforceable against the acquiring entity or any real estate broker, mortgagor, or settlement agent named in the affidavit, statement, agreement, or addendum. Provides that, at the time of an offer, specified disclosures shall be made to the mortgagee in connection with any purchase of a sale. Provides that, upon request by the mortgagee, a certified community development financial institution shall provide documentation evidencing its current certification status. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "101st"
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identifier: "SB 138"
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citation: "Illinois SB 138 (101st)"
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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: 38
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vote_count: 2
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first_action: "2019-01-29"
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last_action: "2019-08-16"
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source: "openstates"
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source_identifier: "ocd-bill/7cca18bb-8ecd-40e1-bcd7-0ed325dcb788"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=138&GAID=15&DocTypeID=SB&LegId=115262&SessionID=108&GA=101"
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source_hash: "8f3002e90fb8f849be65fbea437113ed5ebe11461618f0f5adb733bdc9dd9fb4"
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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 138 (101st) — CIV PRO-SHORT SALE RESALE
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Amends the Mortgage Foreclosure Article of the Code of Civil Procedure in relation to short sales of property. Provides that, if an offer to purchase either a mortgage or residential property is made by an entity with a tax-exempt filing status under Section 501(c)(3) of the Internal Revenue Code for the purpose of reselling that mortgage or residential property to the mortgagor, and financing for the repurchase will be provided by a certified community development financial institution, an affidavit, statement, agreement, or addendum limiting ownership or occupancy of the residential property by the mortgagor shall not provide a basis to avoid a sale or transfer, nor is it enforceable against the acquiring entity or any real estate broker, mortgagor, or settlement agent named in the affidavit, statement, agreement, or addendum. Provides that, at the time of an offer, specified disclosures shall be made to the mortgagee in connection with any purchase of a sale. Provides that, upon request by the mortgagee, a certified community development financial institution shall provide documentation evidencing its current certification status. Effective immediately.
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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=10100SB0138&GA=101&SessionId=108&DocTypeId=SB&LegID=115262&DocNum=138&GAID=15&SpecSess=&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100SB0138eng&GA=101&SessionId=108&DocTypeId=SB&LegID=115262&DocNum=138&GAID=15&SpecSess=&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100SB0138enr&GA=101&SessionId=108&DocTypeId=SB&LegID=115262&DocNum=138&GAID=15&SpecSess=&Session=&print=true)
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## Votes
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- Third Reading — **111–5** (pass) · lower
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- Third Reading — **53–0** (pass) · upper
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## Sponsors
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- Arthur Turner — cosponsor (person)
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- Curtis J. Tarver, II — primary (person)
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- Don Harmon — cosponsor (person)
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- Iris Y. Martinez — cosponsor (person)
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- Jacqueline Y. Collins — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2019-01-29** Filed with Secretary by Sen. Jacqueline Y. Collins `filing`
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- **2019-01-29** First Reading `reading-1`
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- **2019-01-29** Referred to Assignments `referral-committee`
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- **2019-01-30** Assigned to Financial Institutions `referral-committee`
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- **2019-01-31** Added as Chief Co-Sponsor Sen. Iris Y. Martinez
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- **2019-02-08** Added as Chief Co-Sponsor Sen. Don Harmon
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- **2019-03-04** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins `amendment-introduction`
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- **2019-03-04** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
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- **2019-03-06** Postponed - Financial Institutions
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- **2019-03-06** Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
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- **2019-03-13** Senate Committee Amendment No. 1 Adopted `amendment-passage`
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- **2019-03-13** Do Pass as Amended Financial Institutions; 007-000-000 `committee-passage`
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- **2019-03-13** Placed on Calendar Order of 2nd Reading March 14, 2019
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- **2019-03-20** Second Reading `reading-2`
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- **2019-03-20** Placed on Calendar Order of 3rd Reading March 21, 2019
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- **2019-03-27** Third Reading - Passed; 053-000-000 `reading-3, passage`
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- **2019-03-27** Arrived in House `introduction`
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- **2019-03-27** Chief House Sponsor Rep. Curtis J. Tarver, II
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- **2019-03-27** First Reading `reading-1`
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- **2019-03-27** Referred to Rules Committee `referral-committee`
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- **2019-04-09** Assigned to Executive Committee `referral-committee`
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- **2019-05-09** Added Alternate Chief Co-Sponsor Rep. Arthur Turner
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- **2019-05-10** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
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- **2019-05-22** Assigned to Executive Committee `referral-committee`
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- **2019-05-22** Final Action Deadline Extended-9(b) May 31, 2019
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- **2019-05-22** Motion Filed to Suspend Rule 21 Executive Committee; Rep. Gregory Harris
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- **2019-05-22** Motion to Suspend Rule 21 - Prevailed
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- **2019-05-23** Do Pass / Short Debate Executive Committee; 013-000-000 `committee-passage`
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- **2019-05-23** Placed on Calendar 2nd Reading - Short Debate
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- **2019-05-23** Second Reading - Short Debate `reading-2`
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- **2019-05-23** Held on Calendar Order of Second Reading - Short Debate `reading-2`
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- **2019-05-27** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2019-05-27** Third Reading - Short Debate - Passed 111-005-000 `reading-3, passage`
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- **2019-05-27** Passed Both Houses
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- **2019-06-25** Sent to the Governor `executive-receipt`
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- **2019-08-16** Governor Approved `executive-signature`
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- **2019-08-16** Effective Date August 16, 2019
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- **2019-08-16** Public Act . . . . . . . . . 101-0396 `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/7cca18bb-8ecd-40e1-bcd7-0ed325dcb788`. Confidence: reported (aggregated from official Illinois legislature records).
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