Illinois SB 3703: PROPERTY RECORDS-HOUSING

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB3703

Introduced 2/5/2026, by Sen. Graciela Guzmán 

SYNOPSIS AS INTRODUCED:

20 ILCS 1205/6

55 ILCS 5/3-5018.2

55 ILCS 5/4-12002.3

735 ILCS 5/15-1301 from Ch. 110, par. 15-1301

765 ILCS 5/11 from Ch. 30, par. 10

 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. R