IllinoisHB5615104th General Assembly (2025–2026)House

PROPERTY RECORDS-HOUSING

Sponsored By: Mary Beth Canty (Democratic)

In Committee

Summary

Specifies that the amendatory Act may be referred to as the Affordability Crisis in Housing Act. Amends the Financial Institutions Act. Requires that the Department of Financial and Professional Regulation establish, maintain, and publish on its website a registry of nominees of mortgagees. Amends the Counties Code. Requires each county board to adopt revisions to its predictable fee schedule to include an additional $150 fee for a nominee of a mortgagee to record a mortgage, including an assignment, extension, amendment, or subordination, beginning no later than one year after the effective date of the amendatory Act. Creates an exception for the recording of a release of mortgage by the nominee of the mortgagee. Provides that of the additional $150, $120 is to be collected by the county as an additional Rental Housing Support Program State surcharge and deposited into the Rental Housing Support Program Fund, and $30 is to be collected by the county as a county fee with $25 to be used by the county for development and maintenance of its affordable housing capacity and $5 to be deposited into the recorder's special funds created to defray the cost of providing electronic or automated access to the county's property records. Amends the Code of Civil Procedure. Provides that a lien is not created if a nominee of a mortgagee fails to provide the recorder with the cover sheet required to accompany a mortgage under the Conveyances Act. Amends the Conveyances Act. Requires that all mortgages or assignments of mortgage recorded by or for a nominee must be recorded with a cover sheet explaining any fees that are charged, the identity of the nominee of the mortgagee, and the process that may be used by the mortgagor to track the mortgage.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Mary Beth Canty

    Democratic • House

Cosponsors

  • Aarón M. Ortíz

    Democratic • House

  • Lindsey LaPointe

    Democratic • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added Co-Sponsor Rep. Aarón M. Ortíz

    4/7/2026House
  2. Added Co-Sponsor Rep. Lindsey LaPointe

    4/7/2026House
  3. Rule 19(a) / Re-referred to Rules Committee

    3/27/2026House
  4. Assigned to Revenue & Finance Committee

    3/12/2026House
  5. Referred to Rules Committee

    2/13/2026House
  6. First Reading

    2/13/2026House
  7. Filed with the Clerk by Rep. Mary Beth Canty

    2/6/2026House

Bill Text

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