Bill Title: Amends the Uniform Commercial Code. Provides that no person shall file a fraudulent financing statement and assigns civil and criminal penalties for such filings. Provides a procedure for filing a form affidavit to provide notice of a fraudulent financing statement or amendment and provides guidance for when the Secretary of State may terminate the financing statement or amendment based on the affidavit. Provides that a filing office may terminate a record under specified circumstances with notice to the filer of the financing statement or amendment. Provides several circumstances where effective filing does not occur. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 5-1)

Status: (Passed) 2012-07-25 - Public Act . . . . . . . . . 97-0849 [SB1692 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2012-07-25	HTML/Text	Link	View
Enrolled	2012-05-31	HTML/Text	Link	View
Amended	2012-05-16	HTML/Text	Link	View
Amended	2012-05-08	HTML/Text	Link	View
Amended	2012-04-27	HTML/Text	Link	View
Amended	2011-04-25	HTML/Text	Link	View
Engrossed	Not Avail	HTML/Text	Link	View
Introduced	Not Avail	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB1692

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1692 currently on file.

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