Illinois State Senate District 9 issued the following announcement on Aug. 1.
The statute of limitations on civil actions related to certain financial crimes will be changed from 5 years to 10 years under legislation sponsored by State Senator Laura Fine (D-Glenview) that was signed into law.
“Some seniors may not realize they are victims of financial crimes until after the statute of limitations has expired,” Fine said. “This legislation will give seniors and other victims of these types of crimes ample time to seek justice.”
Under House Bill 2287, the following crimes will have the statute of limitations raised to 10 years:
- Theft of property exceeding $100,000 in value;
- Identity theft;
- Aggravated identity theft;
- Financial exploitation of an elderly person or a person with a disability
The legislation takes effect immediately.
Original source can be found here.