Bill Text: IL SB0928 | 2017-2018 | 100th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Common Interest Community Association Act. Provides that an owner who intends to convey any interest in property subject to assessments under this Act shall notify the board that the owner intends to convey the property. Provides that upon receiving such a notice from the owner, the board shall provide each person to whom an interest in the property is conveyed with written documentation detailing the assessment structure of the association. Provides that the written documentation must include the penalties for failure to pay the assessments required by the association. Provides that the written documentation shall provide space for both the owner and each person to whom the property is conveyed to indicate by signature or initial that the written documentation has been provided to and reviewed by the person to whom the property is conveyed. Provides that the board shall be provided with and keep a copy of the signed or initialed documentation.

Spectrum: Bipartisan Bill

Status: (Failed) 2019-01-09 - Session Sine Die [SB0928 Detail]

Download: Illinois-2017-SB0928-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 SB0928 Introduced 2/7/2017, by Sen. Jennifer Bertino-Tarrant SYNOPSIS AS INTRODUCED:
765 ILCS 160/1-37 new
Amends the Common Interest Community Association Act. Provides that an owner who intends to convey any interest in property subject to assessments under this Act shall notify the board that the owner intends to convey the property. Provides that upon receiving such a notice from the owner, the board shall provide each person to whom an interest in the property is conveyed with written documentation detailing the assessment structure of the association. Provides that the written documentation must include the penalties for failure to pay the assessments required by the association. Provides that the written documentation shall provide space for both the owner and each person to whom the property is conveyed to indicate by signature or initial that the written documentation has been provided to and reviewed by the person to whom the property is conveyed. Provides that the board shall be provided with and keep a copy of the signed or initialed documentation.
LRB100 05359 HEP 15903 b
A BILL FOR
SB0928 LRB100 05359 HEP 15903 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 Common Interest Community Association Act is
amended by adding Section 1-37 as follows:
(765 ILCS 160/1-37 new)
Sec. 1-37. Notice of assessment schedule. An owner who
intends to convey any interest in property subject to
assessments under this Act shall notify the board that the
owner intends to convey the property. Upon receiving such a
notice from the owner, the board shall provide each person to
whom an interest in the property is conveyed with written
documentation detailing the assessment structure of the
association. The written documentation must include the
penalties for failure to pay the assessments required by the
association. The written documentation shall provide space for
both the owner and each person to whom the property is conveyed
to indicate by signature or initial that the written
documentation has been provided to and reviewed by the person
to whom the property is conveyed. The board shall be provided
with and keep a copy of the signed or initialed documentation.