IL SB2082

Requires tax deed notices to include statements in 9 non-English languages (Spanish, Polish, Chinese, Tagalog, Arabic, Korean, German, Urdu, and Gujarati) encouraging readers to have notices translated due to their importance regarding property taxes and ownership.

Adds "LIMITED RIGHT TO REIMBURSEMENT" section to tax deed notices informing property owners about potential Indemnity Fund payments if they lose their home to tax sale while owning more equity than their total overdue taxes, fees, and interest.

Establishes new requirements for tax deed purchasers to notify occupants within 21 days after deed conveyance, including the purchaser's contact information and clarification that the notice is not an eviction notice.

Defines "bona fide leases" in residential real estate and restricts purchasers from terminating such leases except with 90 days' written notice at the end of the lease term, with an exception for individuals occupying a dwelling unit as their primary residence.

Takes effect immediately upon becoming law.