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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB3897 Introduced 2/17/2023, by Rep. Lance Yednock SYNOPSIS AS INTRODUCED:
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Amends the Conveyances Act. Provides that the Department of Financial and Professional Regulation shall work with the Illinois Real Estate Lawyers Association and other interested parties to develop a standardized residential real estate contract.
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| | A BILL FOR |
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| | HB3897 | | LRB103 31000 LNS 57607 b |
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| 1 | | AN ACT concerning civil law.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Conveyances Act is amended by adding |
| 5 | | Section 39a as follows:
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| 6 | | (765 ILCS 5/39a new) |
| 7 | | Sec. 39a. Standardized residential real estate contract. |
| 8 | | The Department of Financial and Professional Regulation shall |
| 9 | | work with the Illinois Real Estate Lawyers Association and |
| 10 | | other interested parties to develop a standardized residential |
| 11 | | real estate contract.
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