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| | HB5502 Engrossed | | LRB103 37448 JRC 67570 b |
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| 1 | | AN ACT concerning civil law.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Condominium Property Act is amended by |
| 5 | | changing Section 22.2 as follows:
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| 6 | | (765 ILCS 605/22.2) |
| 7 | | Sec. 22.2. Resale approval. In the event of a sale of a |
| 8 | | condominium unit by a unit owner, no condominium association |
| 9 | | shall exercise any right of refusal, option to purchase, or |
| 10 | | right to disapprove the sale: , (a) on the basis that the |
| 11 | | purchaser's financing is guaranteed by the Federal Housing |
| 12 | | Administration; or (b) for a discriminatory or otherwise |
| 13 | | unlawful purpose. Any person aggrieved by a violation of this |
| 14 | | Section shall have a right of action in a State circuit court |
| 15 | | against the offending condominium association. |
| 16 | | (Source: P.A. 98-463, eff. 8-16-13.) |