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91_HB3796
LRB9112391DJtm
1 AN ACT in relation to real property.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Residential Real Property Disclosure Act
5 is amended by changing Section 20 as follows:
6 (765 ILCS 77/20)
7 Sec. 20. Disclosure required. A seller of residential
8 real property shall complete all applicable items in the
9 disclosure document described in Section 35 of this Act. The
10 seller shall deliver to the prospective buyer the written
11 disclosure statement required by this Act before the signing
12 of a written agreement by the seller and prospective buyer
13 that would, subject to the satisfaction of any negotiated
14 contingencies, require the prospective buyer to accept a
15 transfer of the residential real property.
16 (Source: P.A. 88-111.)