94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB2715

 

Introduced 1/20/2006, by Sen. Arthur J. Wilhelmi

 

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.


LRB094 17970 AJO 53273 b

 

 

A BILL FOR

 

SB2715 LRB094 17970 AJO 53273 b

1     AN ACT concerning civil law.
 
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. A seller of residential real property shall
8 complete all applicable items in the the disclosure document
9 described in Section 35 of this Act. The seller shall deliver
10 to the prospective buyer the written disclosure statement
11 required by this Act before the signing of a written agreement
12 by the seller and prospective buyer that would, subject to the
13 satisfaction of any negotiated contingencies, require the
14 prospective buyer to accept a transfer of the residential real
15 property.
16 (Source: P.A. 88-111.)