93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB6244

 

Introduced 02/06/04, by Tom Cross

 

SYNOPSIS AS INTRODUCED:
 
765 ILCS 77/20

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


LRB093 14598 LCB 40106 b

 

 

A BILL FOR

 

HB6244 LRB093 14598 LCB 40106 b

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