Public Act 099-0253
 
HB1319 EnrolledLRB099 04863 HEP 24892 b


  
    AN ACT concerning civil law.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  
 
 
    Section 5. The Security Deposit Interest Act is amended  by 
changing Section 2 as follows:
 



    (765 ILCS 715/2)  (from Ch. 80, par. 122)



    Sec. 2. 
The lessor shall, within 30 days after the end of 
each 12 month rental
period, pay to the lessee any interest 
that has accumulated to an amount of $5 or more, by cash or 
credit to be
applied to rent due, except when the lessee is in 
default under the terms
of the lease. The lessor shall pay all 
interest that has accumulated and remains unpaid, regardless of 
the amount, upon termination of the tenancy.
    A lessor who willfully fails or refuses to pay the interest 
required by
this Act shall, upon a finding by a circuit court 
that he has willfully
failed or refused to pay, be liable for 
an amount equal to the amount of
the security deposit, together 
with court costs and reasonable attorneys fees.

(Source: P.A. 79-1428.)