|Public Act 096-0228
||LRB096 03467 AJO 13491 b
AN ACT concerning civil law.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Condominium Property Act is amended by
adding Section 22.2 as follows:
(765 ILCS 605/22.2 new)
In the event of a sale of a
condominium unit by a unit owner, no condominium association
shall exercise any right of refusal, option to purchase, or
right to disapprove the sale, on the basis that the purchaser's
financing is guaranteed by the Federal Housing Authority.