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HB0155 Engrossed |
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LRB096 03467 AJO 13491 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 that the purchaser's |
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| financing is guaranteed by the Federal Housing Authority.
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