Illinois · House Bill 5250 · 104th General Assembly

INSTALLMENT SALES ACT

HB 5250 Sponsored by Amy Elik In committee

  1. Introduced Feb 5, 2026
  2. In committee Feb 10, 2026
  3. Passed the House Next
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Installment Sales Contract Act. Changes the definition of "seller" under the Act to mean an individual or legal entity that possesses a legal or beneficial interest in real estate and that enters into an installment sales contract more than 3 times during a continuous 12-month period to sell residential real estate. Provides that the Installment Sales Contract Act applies only to contracts entered into once an individual or legal entity has qualified as a seller. Effective immediately.

Every action

3 steps, oldest first, as the legislature records them.

  1. HouseFiled with the Clerk by Rep. Amy Elik
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

  • Amy ElikR Primary sponsor · District 111

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.