HB6244 93RD GENERAL ASSEMBLY

LRB093 14598 LCB 40106 b

93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB6244

Introduced 02/06/04, by Tom Cross

SYNOPSIS AS INTRODUCED:

765 ILCS 77/20

Amends the Residential Real Property Disclosure Act to make technical changes in a Section concerning completion and delivery of the seller's disclosure statement.

A BILL FOR

AN ACT concerning real property.

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 20 as follows:

(765 ILCS 77/20)

Sec. 20. Seller's disclosure statement. A seller of residential real property shall complete all applicable items in the disclosure document described in Section 35 of this Act. The seller shall deliver to the prospective buyer the written disclosure statement required by this Act before the signing of a written agreement by the seller and prospective buyer that would, subject to the satisfaction of any negotiated contingencies, require the prospective buyer to accept a transfer of the residential real property.

(Source: P.A. 88-111.)