IL SB2485

Board of managers must provide unit owners a minimum of 20 days' written notice and an opportunity to be heard before levying fines for violations of condominium declarations, bylaws, and rules and regulations.

Association cannot report adverse information to credit reporting agencies or initiate collection proceedings against a unit owner for unpaid fines unless the board levied the fine in accordance with the proper notice and hearing requirements.

Board may only collect unpaid fines that were levied in accordance with the notice and hearing procedures outlined in Section 18.4(l) of the Condominium Property Act.

Clarifies that notice and hearing requirements apply specifically to the ability to levy fines and do not limit the board's ability to pursue or enforce other rights of the association.

Requires written notice to be made in accordance with the Act's requirements, ensuring unit owners have proper opportunity to respond before fines are imposed.