Public Act 0228 96TH GENERAL ASSEMBLY

HB0155 Enrolled LRB096 03467 AJO 13491 b

Public Act 096-0228

AN ACT concerning civil law.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Condominium Property Act is amended by adding Section 22.2 as follows:

(765 ILCS 605/22.2 new)

Sec. 22.2. Resale approval. 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.