Supreme Court delays effective date of foreclosure rules to May 1
The Illinois Supreme Court has delayed the effective date of new rules aimed at mitigating uncertainty in the foreclosure process.
The Supreme Court is delaying the effective date to give additional time to the Special Committee which drafted the rules to determine how the rules would be applied to cases currently pending, or if they would apply only to new cases.
New Supreme Court Rule 113 and new Supreme Court Rule 114 initially were to go into effect on Friday March 1. In an Order filed Thursday, the Supreme Court delayed the effective date to May 1.