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Category Archives: Illinois
IDFPR releases Illinois Security Deposit Interest Rate for 2020
The rate of interest for 2020 for landlords and tenants with security deposits governed by the Illinois Security Deposit Interest Act
Posted in Illinois, Security Deposit Interest Act
Tagged Illinois security deposit interest, security deposit interest rate
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Now tenants want eviction records sealed
Blinded by the Law Illinois State Senator Patricia Van Pelt, a Democrat representing Chicago’s in the 5th District, has proposed SB0077 which is a new attempt to pass legislation to seal eviction records. This concept has popped up in the … Continue reading
Illinois Rent Control Act introduced by House Rep. Flowers
2019 introduction of Illinois rent control law would hurt most lessors and landlords
Posted in Illinois
Tagged rent control
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2019 State of Illinois Security Deposit Interest Rate Released
State Rate Released The folks at the Illinois IDFPR have finally issued a press release indicating the 2019 security deposit interest rate for leases of residential real property governed by the Illinois Security Deposit Interest Act which applies to lessors … Continue reading
Posted in Illinois, Security Deposit Interest Act
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Landlord CALL TO ACTION on Rent Control
Chicago landlords and Illinois lessors need to act fast to comment on the Special Committee on Housing hearing regarding rent control repeal preemption act
Posted in Illinois, Rent Control Preemption Act
Tagged rent control
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Rent control repeal seems to stall
After Chicago referendum to repeal Illinois rent control preemption act passed, repeal efforts against Illinois landlords stall
Proposed law would seal most eviction cases
Legislative Alert! On February 13, 2018, Representative Emanuel Chris Welch introduced House Bill 4760 that proposes to seal all eviction records for the first 30 days after a case is filed and at various other points in the eviction process. … Continue reading
2018 State of Illinois Security Deposit Interest Rate Released
Well, better late than never, the Illinois Department of Financial and Professional Regulation, Division of Banking today (1/8/18) released the new interest rate for security deposits governed by the Illinois Security Deposit Interest Act. That rate is
Posted in Illinois, Interest Rate, Security Deposit, Security Deposit Interest Act
Tagged Illinois security deposit interest
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2015 State of Illinois Security Deposit Interest Rate released
Illinois 2015 Security Deposit Interest Rate Announced The Illinois Department of Finance and Professional Regulation Division of Banking has finally announced today the interest rate affecting the interest to be paid to tenants on security deposits subject to the Illinois … Continue reading
Posted in Illinois, Security Deposit Interest Act
Tagged 2015, Illinois, security deposit interest rate
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Is the “Application Fee” in Danger?
Proposed Illinois law to regulate rental application fees Everyone knows the importance of tenant screening. In order to offset the cost of screening “the right way”, many landlords collect application fees. Now, Illinois lawmakers are getting ready to regulate these … Continue reading
Posted in Illinois, Tenant Screening
Tagged rental application, tenant screening
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