Illinois General Assembly - Bill Status for HB2721
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 Bill Status of HB2721  101st General Assembly


Short Description:  CONDO/HOA-RESALE-RESERVE STUDY

House Sponsors
Rep. Jennifer Gong-Gershowitz

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
765 ILCS 160/1-35
765 ILCS 605/18.5from Ch. 30, par. 318.5
765 ILCS 605/22.1from Ch. 30, par. 322.1


Synopsis As Introduced
Amends the Common Interest Community Association Act and the Condominium Property Act. Provides that in the event of any resale of a unit by a member or unit owner other than the developer, the board of directors or managers shall make available for inspection to the prospective purchaser, among other things, a copy of the most recent independent professional reserve study obtained by the association for the property or a statement that the association has not obtained such a study within the last 7 years.

Actions 
DateChamber Action
  2/14/2019HouseFiled with the Clerk by Rep. Jennifer Gong-Gershowitz
  2/14/2019HouseFirst Reading
  2/14/2019HouseReferred to Rules Committee
  2/26/2019HouseAssigned to Judiciary - Civil Committee
  2/27/2019HouseTo Civil Procedure Subcommittee
  2/27/2019HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jennifer Gong-Gershowitz
  2/27/2019HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/5/2019HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
  3/6/2019HouseHouse Committee Amendment No. 1 To Civil Procedure Subcommittee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  3/29/2019HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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