Bill Text: IL SB0638 | 2021-2022 | 102nd General Assembly | Introduced
Bill Title: Amends the Residential Real Property Disclosure Act. Makes a technical change in a Section concerning completion and delivery of the seller's disclosure statement.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-02-24 - Referred to Assignments [SB0638 Detail]
Download: Illinois-2021-SB0638-Introduced.html
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1 | AN ACT concerning civil law.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Residential Real Property Disclosure Act is | |||||||||||||||||||
5 | amended by changing Section 20 as follows:
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6 | (765 ILCS 77/20)
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7 | Sec. 20.
A seller of residential real property shall
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8 | complete all applicable items in the
the disclosure document | |||||||||||||||||||
9 | described in Section
35
of this Act. The seller shall deliver | |||||||||||||||||||
10 | to the prospective buyer the written
disclosure statement | |||||||||||||||||||
11 | required by this Act before the signing of a written
agreement | |||||||||||||||||||
12 | by the seller and prospective buyer that would, subject to the
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13 | satisfaction of any negotiated contingencies, require the | |||||||||||||||||||
14 | prospective buyer to
accept a transfer of the residential real | |||||||||||||||||||
15 | property. | |||||||||||||||||||
16 | (Source: P.A. 88-111.)
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