95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB6708


 
Introduced , by Rep. LaShawn K. Ford
 
SYNOPSIS AS INTRODUCED:
 		













765 ILCS 605/22.2 new










    Amends the Condominium Property Act.  Provides that in the event of a sale of a condominium unit by a unit owner, no condominium association shall exercise any right of refusal, option to purchase, or right to disapprove the sale, on the basis of the type of financing used by the purchaser.



















LRB095 21863 AJO 52113 b

















 


 


A BILL FOR









 











HB6708

LRB095 21863 AJO 52113 b






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    AN ACT concerning civil law.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Condominium Property Act is amended  by 
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adding Section 22.2 as follows:
 
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    (765 ILCS 605/22.2  new)
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    Sec. 22.2. Resale approval.  In the event of a sale of a 
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condominium unit by a unit owner, no condominium association 
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shall exercise any right of refusal, option to purchase, or 
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right to disapprove the sale, on the basis of the type of 
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financing used by the purchaser.