Illinois General Assembly - Full Text of Public Act 096-0228
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Public Act 096-0228




Public Act 096-0228
HB0155 Enrolled LRB096 03467 AJO 13491 b

    AN ACT concerning civil law.
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
    Section 5. The Condominium Property Act is amended by
adding Section 22.2 as follows:
    (765 ILCS 605/22.2 new)
    Sec. 22.2. Resale approval. In the event of a sale of a
condominium unit by a unit owner, no condominium association
shall exercise any right of refusal, option to purchase, or
right to disapprove the sale, on the basis that the purchaser's
financing is guaranteed by the Federal Housing Authority.

Effective Date: 1/1/2010