Rep. Daniel V. Beiser
Filed: 3/8/2011
 
 

 

 

 
09700HB1543ham001LRB097 07215 AJO 52188 a



1
AMENDMENT TO HOUSE BILL 1543




2    AMENDMENT NO. ______. Amend House Bill 1543 on page 1, by 
3replacing line 5 with the following:


4"amended by changing Sections 5 and 35 as follows:

 



5    (765 ILCS 77/5)



6    Sec. 5. Definitions. As used in this Act, unless the 
7context otherwise
requires the
following terms have the meaning 
8given in this Section.

9    "Residential real property" means real property improved 
10with not less
than one nor more than 4 residential dwelling 
11units; units in residential
cooperatives; or, condominium 
12units, including the limited common elements
allocated to the 
13exclusive use thereof that form an integral part of the

14condominium unit. 

15    "Seller" means every person or entity who is an owner, 
16beneficiary of a
trust, contract purchaser or lessee of a 
17ground lease,
who has an interest (legal or equitable) in 
 
 
09700HB1543ham001- 2 -LRB097 07215 AJO 52188 a

1residential real property.
However, "seller" shall not include

2any person who has both (i) never occupied the residential real 
3property and
(ii) never had the management responsibility for 
4the residential real property
nor delegated such 
5responsibility for the residential real property to another

6person or entity.

7    "Prospective buyer" means any person or entity negotiating 
8or offering
to become an owner or lessee of residential real 
9property by means of a
transfer for value to which this Act 
10applies.

11    "Toxic mold" means stachybotrys chartarum, penicillium, 
12aspergillus, or any other mold that excretes a significant 
13amount of toxic compounds called mycotoxins and that has a 
14tendency to produce severe adverse health effects. 
15(Source: P.A. 90-383, eff. 1-1-98.)".