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IL HB3036

Bill

Status

Introduced

2/18/2021

Primary Sponsor

Keith Wheeler

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Reduces timeframe for condominium association officers to provide resale disclosure information from 30 days to 5 business days when requested in writing.

  • Caps the fee that associations may charge for providing and copying resale disclosure information at $100, limited to direct out-of-pocket costs.

  • Corrects grammatical error by changing "attorneys" to "attorney's" in the existing language regarding unit owners' liability for costs related to failure to inform the Board of lenders.

  • Applies to resale of condominium units by non-developer unit owners and the disclosure documents required under the Condominium Property Act (765 ILCS 605/22.1).

Legislative Description

CONDO ACT-RESALE OF UNIT

Last Action

Rule 19(a) / Re-referred to Rules Committee

3/27/2021

Committee Referrals

Rules3/27/2021
Commercial & Property Subcommittee3/23/2021
Judiciary - Civil3/16/2021
Rules2/19/2021

Full Bill Text

No bill text available