Illinois General Assembly - Full Text of SB0638
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Full Text of SB0638  102nd General Assembly

SB0638 102ND GENERAL ASSEMBLY


 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB0638

 

Introduced 2/24/2021, by Sen. Laura M. Murphy

 

SYNOPSIS AS INTRODUCED:
 
765 ILCS 77/20

    Amends the Residential Real Property Disclosure Act. Makes a technical change in a Section concerning completion and delivery of the seller's disclosure statement.


LRB102 16982 LNS 22400 b

 

 

A BILL FOR

 

SB0638LRB102 16982 LNS 22400 b

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