Illinois General Assembly - Illinois Compiled Statutes

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210 ILCS 40/5.2

    (210 ILCS 40/5.2)
    (This Section may contain text from a Public Act with a delayed effective date)
    Sec. 5.2. Living unit reappropriation.

If an unoccupied living unit is contemplated for use for a purpose other than as a living unit, including, but not limited to, an exam room or a storage room, and if there exist beneficiaries awaiting an entry fee refund, the beneficiaries of the entry fee refund must provide a signed acknowledgment of, and agreement to, the reappropriation that may be in effect up to a specific date. The reappropriation acknowledgment shall include:

(1) the caption, "ENTRY FEE REFUND DELAYS: CONSUMER

NOTICE" in at least 28-point font and the remaining portion in at least a 12-point font;

(2) the caption, "Your agreement to this arrangement

may result in the delayed sale of the living unit as well as the delayed return of the entry fee."; and

(3) a statement that the rights provided under this

Section may not be waived.

(Source: P.A. 103-812, eff. 1-1-25.)