Bill Amendment: IL SB3193 | 2021-2022 | 102nd General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

---

Bill Title: CONDO/HOA RECORD COPY FEES

Status: 2022-02-18 - Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments [SB3193 Detail]

Download: Illinois-2021-SB3193-Senate_Amendment_001.html

---

Sen. Meg Loughran Cappel

Filed: 2/14/2022

10200SB3193sam001 LRB102 24026 LNS 36331 a
AMENDMENT TO SENATE BILL 3193
AMENDMENT NO. ______. Amend Senate Bill 3193 by replacing
everything after the enacting clause with the following:
"Section 5. The Condominium Property Act is amended by
changing Section 22.1 as follows:
(765 ILCS 605/22.1) (from Ch. 30, par. 322.1)
Sec. 22.1. (a) In the event of any resale of a condominium
unit by a unit owner other than the developer such owner shall
obtain from the Board of Managers and shall make available for
inspection to the prospective purchaser, upon demand, the
following:
(1) A copy of the Declaration, by-laws, other
condominium instruments, and any rules and regulations.
(2) A statement of any liens, including a statement of
the account of the unit setting forth the amounts of
unpaid assessments and other charges due and owing as

10200SB3193sam001 - 2 - LRB102 24026 LNS 36331 a
authorized and limited by the provisions of Section 9 of
this Act or the condominium instruments.
(3) A statement of any capital expenditures
anticipated by the unit owner's association within the
current or succeeding 2 two fiscal years.
(4) A statement of the status and amount of any
reserve for replacement fund and any portion of such fund
earmarked for any specified project by the Board of
Managers.
(5) A copy of the statement of financial condition of
the unit owner's association for the last fiscal year for
which such statement is available.
(6) A statement of the status of any pending suits or
judgments in which the unit owner's association is a
party.
(7) A statement setting forth what insurance coverage
is provided for all unit owners by the unit owner's
association.
(8) A statement that any improvements or alterations
made to the unit, or the limited common elements assigned
thereto, by the prior unit owner are in good faith
believed to be in compliance with the condominium
instruments.
(9) The identity and mailing address of the principal
officer of the unit owner's association or of the other
officer or agent as is specifically designated to receive

10200SB3193sam001 - 3 - LRB102 24026 LNS 36331 a
notices.
(b) The principal officer of the unit owner's association
or such other officer as is specifically designated shall
furnish the above information when requested to do so in
writing and within 30 days of the request.
(c) Within 15 days of the recording of a mortgage or trust
deed against a unit ownership given by the owner of that unit
to secure a debt, the owner shall inform the Board of Managers
of the unit owner's association of the identity of the lender
together with a mailing address at which the lender can
receive notices from the association. If a unit owner fails or
refuses to inform the Board as required under subsection (c)
then that unit owner shall be liable to the association for all
costs, expenses, and reasonable attorney's attorneys fees and
such other damages, if any, incurred by the association as a
result of such failure or refusal.
A reasonable fee, not to exceed $250, covering the direct
out-of-pocket cost of providing such information and copying
may be charged by the association or its Board of Managers to
the unit seller for providing such information. The
association or its Board of Managers may charge an additional
rush fee of not more than $100 if the information requested
under this Section is needed within 72 hours after the request
for the information is made.
(Source: P.A. 87-692.)

10200SB3193sam001 - 4 - LRB102 24026 LNS 36331 a
Section 99. Effective date. This Act takes effect upon
becoming law.".