Illinois General Assembly - Bill Status for SB3150

Creates the Residential Inspection Ordinance Act. Provides that any ordinance, local law, rule, or regulation calling or providing for the inspection of residential property, whether owned or leased, shall require the consent of the owner and occupant of the premises before the inspection occurs. Prohibits a municipality, county, or other local governmental body, or any official or officer thereof, from refusing to issue real estate transfer stamps in connection with the sale or conveyance of real property on the basis that an inspection of the real property required by ordinance has not been completed, that the issues or problems identified by an inspection have not been corrected or completed, or that the owner or the real property to be conveyed is in violation of a local ordinance. Provides that a local or municipal inspection ordinance may provide that prior to a sale or lease of the real estate an escrow be established in an amount equal to the lower of a reasonable amount required by the municipality to effect the repairs or an amount indicated by a contractor in a proposal to complete the required repairs. Preempts home rule.

Provides that no local ordinance, law, rule, or regulation may require a prospective buyer or prospective tenant to consent to future inspections of real property as a condition of owning or occupying that real property. Provides that escrowed funds may be placed with any person or entity acting as an independent escrowee, as provided for in the Title Insurance Act, or any person or entity exempt from the independent escrowee provisions of that Act. Provides that escrowed monies shall be available to pay contractors, subcontractors, vendors, material persons, and suppliers during the progress of and upon the completion of needed repairs. Provides that the Act shall not apply to inspections of residential property that is under construction or that has been constructed but not yet occupied. Makes other changes.

Adds an exception to the inspection of residential property for property that is open and vacant. Removes language prohibiting the refusal to issue real estate transfer stamps in connection with the sale or conveyance of real property on the basis that the owner of the real property to be conveyed is in violation of a local ordinance.

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