IL HB5246

Reduces the time condominium associations must provide resale disclosure documents from 30 days to 10 business days after a written request from a unit owner

Caps the fee associations can charge for providing resale information at $375, with annual adjustments based on the Consumer Price Index beginning one year after the act's effective date

Allows associations to charge an additional $100 for rush service when documents are completed within 72 hours

Requires disclosure of anticipated capital expenditures within the current or succeeding 2 fiscal years to prospective purchasers

Holds unit owners liable for costs, expenses, and reasonable attorney's fees if they fail to notify the Board of Managers about recorded mortgages within 15 days