(765 ILCS 95/3) (from Ch. 30, par. 1003)
Sec. 3.
Disclosure.
(a) At the time an agreement to transfer real |
| property is made, the transferor shall disclose in writing to the transferee and lender all insurance claims paid to the transferor for mine subsidence on the real property.
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(b) If the agreement to transfer real property is in
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| writing, the disclosure shall be part of the agreement.
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(c) A waiver of the time requirements for disclosure
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| or a waiver of disclosure must be in writing and signed by the transferee and lender.
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(Source: P.A. 86-236.)
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