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IL HB3036
Bill
Status
2/18/2021
Primary Sponsor
Keith Wheeler
Click for details
AI Summary
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Reduces timeframe for condominium association officers to provide resale disclosure information from 30 days to 5 business days when requested in writing.
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Caps the fee that associations may charge for providing and copying resale disclosure information at $100, limited to direct out-of-pocket costs.
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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.
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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