103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB3897

 

Introduced 2/17/2023, by Rep. Lance Yednock

 

SYNOPSIS AS INTRODUCED:
 
765 ILCS 5/39a new

    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.


LRB103 31000 LNS 57607 b

 

 

A BILL FOR

 

HB3897LRB103 31000 LNS 57607 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 Conveyances Act is amended by adding
5Section 39a as follows:
 
6    (765 ILCS 5/39a new)
7    Sec. 39a. Standardized residential real estate contract.
8The Department of Financial and Professional Regulation shall
9work with the Illinois Real Estate Lawyers Association and
10other interested parties to develop a standardized residential
11real estate contract.