HB5502 EnrolledLRB103 37448 JRC 67570 b

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