Bill Text: IL HB3989 | 2021-2022 | 102nd General Assembly | Introduced

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Bill Title: Amends the Residential Real Property Disclosure Act. Changes the definition of "seller" by deleting language providing that "seller" shall not include any person who has both (i) never occupied the residential real property and (ii) never had the management responsibility for the residential real property nor delegated such responsibility for the residential real property to another person or entity.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-03-04 - Referred to Rules Committee [HB3989 Detail]

Download: Illinois-2021-HB3989-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 HB3989 Introduced , by Rep. Curtis J. Tarver, II SYNOPSIS AS INTRODUCED:
765 ILCS 77/5
Amends the Residential Real Property Disclosure Act. Changes the definition of "seller" by deleting language providing that "seller" shall not include any person who has both (i) never occupied the residential real property and (ii) never had the management responsibility for the residential real property nor delegated such responsibility for the residential real property to another person or entity.
LRB102 16893 LNS 22304 b
A BILL FOR
HB3989 LRB102 16893 LNS 22304 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 Residential Real Property Disclosure Act is
amended by changing Section 5 as follows:
(765 ILCS 77/5)
Sec. 5. Definitions. As used in this Act, unless the
context otherwise requires, the following terms have the
meaning given in this Section.
"Residential real property" means real property improved
with not less than one nor more than 4 residential dwelling
units; units in residential cooperatives; or, condominium
units, including the limited common elements allocated to the
exclusive use thereof that form an integral part of the
condominium unit. The term includes a manufactured home as
defined in subdivision (53) of Section 9-102 of the Uniform
Commercial Code that is real property as defined in the
Conveyance and Encumbrance of Manufactured Homes as Real
Property and Severance Act.
"Seller" means every person or entity who is an owner,
beneficiary of a trust, contract purchaser or lessee of a
ground lease, who has an interest (legal or equitable) in
residential real property. However, "seller" shall not include

HB3989 - 2 - LRB102 16893 LNS 22304 b
any person who has both (i) never occupied the residential
real property and (ii) never had the management responsibility
for the residential real property nor delegated such
responsibility for the residential real property to another
person or entity.
"Prospective buyer" means any person or entity negotiating
or offering to become an owner or lessee of residential real
property by means of a transfer for value to which this Act
applies.
(Source: P.A. 98-749, eff. 7-16-14; 99-78, eff. 7-20-15.)