Full Text of HB0486 99th General Assembly
HB0486 99TH GENERAL ASSEMBLY |
| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016 HB0486 Introduced , by Rep. Kelly M. Cassidy SYNOPSIS AS INTRODUCED: |
| 765 ILCS 605/2 | from Ch. 30, par. 302 | 765 ILCS 605/9 | from Ch. 30, par. 309 | 765 ILCS 605/22.1 | from Ch. 30, par. 322.1 |
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Amends the Condominium Property Act. Defines "regular monthly assessments". Provides that following a foreclosure sale, consent foreclosure, common law strict foreclosure, or the delivery of a deed in lieu of foreclosure, the mortgagee shall have the duty to pay to the association all moneys due to satisfy the lien held by the association, except for the 9 months of unpaid regular monthly assessments and associated attorney's fees which may be collected from the purchaser. Provides that the amount due may include any attorney's fees and court costs, but may not exceed 9 months of regular assessments due over the same 9-month period. Deletes language providing that the purchaser shall have the duty to pay the proportionate share, if any, of the common expenses for the unit which would have become due in the absence of any assessment acceleration for the 6 months immediately preceding the institution of an action to enforce the collection of assessments, and which remain unpaid. Deletes language providing that if the outstanding assessments are paid at any time during an action to enforce the collection of assessments, the purchaser shall have no obligation to pay any assessments which accrued before he or she acquired title.
Provides that the notice of a foreclosure sale of a condominium unit shall state that a purchaser, other than a mortgagee, shall pay to the association any unpaid monthly assessments for the 9-month period preceding the sale, including attorney's fees and court costs. Provides that each notice of a judicial sale a condominium unit and each disclosure statement issued to a prospective purchaser shall list the required fees. Provides that in certain situations, the Board of Managers (instead of the owner) of a condominium unit must make specified information available within 21 days of the request if the association is self-managed, and within 14 days if managed by a community association management firm or a community association manager as those terms are defined in the Community Association Manager Licensing and Disciplinary Act (instead of "upon demand") and may do so either electronically or in writing. Makes other changes. Effective immediately.
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| | A BILL FOR |
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| 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 Condominium Property Act is amended by | 5 | | changing Sections 2, 9 and 22.1 as follows:
| 6 | | (765 ILCS 605/2) (from Ch. 30, par. 302)
| 7 | | Sec. 2. Definitions. As used in this Act, unless the | 8 | | context otherwise
requires:
| 9 | | (a) "Declaration" means the instrument by which the | 10 | | property is
submitted to the provisions of this Act, as | 11 | | hereinafter provided, and such
declaration as from time to time | 12 | | amended.
| 13 | | (b) "Parcel" means the lot or lots, tract or tracts of | 14 | | land, described
in the declaration, submitted to the provisions | 15 | | of this Act.
| 16 | | (c) "Property" means all the land, property and space | 17 | | comprising the
parcel, all improvements and structures | 18 | | erected, constructed or contained
therein or thereon, | 19 | | including the building and all easements, rights and
| 20 | | appurtenances belonging thereto, and all fixtures and | 21 | | equipment intended
for the mutual use, benefit or enjoyment of | 22 | | the unit owners, submitted to
the provisions of this Act.
| 23 | | (d) "Unit" means a part of the property designed and |
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| 1 | | intended for any type
of independent use.
| 2 | | (e) "Common Elements" means all portions of the property | 3 | | except the
units, including limited common elements unless | 4 | | otherwise specified.
| 5 | | (f) "Person" means a natural individual, corporation, | 6 | | partnership,
trustee or other legal entity capable of holding | 7 | | title to real property.
| 8 | | (g) "Unit Owner" means the person or persons whose estates | 9 | | or interests,
individually or collectively, aggregate fee | 10 | | simple absolute ownership of a
unit, or, in the case of a | 11 | | leasehold condominium, the lessee or lessees of a
unit whose | 12 | | leasehold ownership of the unit expires simultaneously with the
| 13 | | lease described in item (x) of this Section.
| 14 | | (h) "Majority" or "majority of the unit owners" means the | 15 | | owners of more
than 50% in the aggregate in interest of the | 16 | | undivided ownership of the
common elements. Any specified | 17 | | percentage of the unit owners means such
percentage in the | 18 | | aggregate in interest of such undivided ownership.
"Majority" | 19 | | or "majority of the members of the board of managers" means
| 20 | | more than 50% of the total number of persons constituting such | 21 | | board
pursuant to the bylaws. Any specified percentage of the | 22 | | members of the
board of managers means that percentage of the | 23 | | total number of persons
constituting such board pursuant to the | 24 | | bylaws.
| 25 | | (i) "Plat" means a plat or plats of survey of the parcel | 26 | | and of all
units in the property submitted to the provisions of |
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| 1 | | this Act, which may
consist of a three-dimensional horizontal | 2 | | and vertical delineation of all
such units.
| 3 | | (j) "Record" means to record in the office of the recorder | 4 | | or,
whenever required, to file in the office of the Registrar | 5 | | of Titles of the
county wherein the property is located.
| 6 | | (k) "Conversion Condominium" means a property which | 7 | | contains structures,
excepting those newly constructed and | 8 | | intended for condominium ownership, which
are, or have | 9 | | previously been, wholly or partially occupied before recording | 10 | | of
condominium instruments by persons other than those who have | 11 | | contracted for the
purchase of condominiums.
| 12 | | (l) "Condominium Instruments" means all documents and | 13 | | authorized
amendments thereto recorded pursuant to the | 14 | | provisions of the Act,
including the declaration, bylaws and | 15 | | plat.
| 16 | | (m) "Common Expenses" means the proposed or actual expenses | 17 | | affecting
the property, including reserves, if any, lawfully | 18 | | assessed by the Board
of Managers of the Unit Owner's | 19 | | Association.
| 20 | | (n) "Reserves" means those sums paid by unit owners which | 21 | | are separately
maintained by the board of managers for purposes | 22 | | specified by the board
of managers or the condominium | 23 | | instruments.
| 24 | | (o) "Unit Owners' Association" or "Association" means the | 25 | | association
of all the unit owners, acting pursuant to bylaws | 26 | | through its duly elected
board of managers.
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| 1 | | (p) "Purchaser" means any person or persons other than the | 2 | | Developer who
purchase a unit in a bona fide transaction for | 3 | | value.
| 4 | | (q) "Developer" means any person who submits property | 5 | | legally or equitably
owned in fee simple by the developer, or | 6 | | leased to the developer
under a lease described in item (x) of | 7 | | this Section, to the
provisions of this
Act, or any person who | 8 | | offers units
legally or equitably owned in fee simple by the | 9 | | developer, or leased to the
developer under a lease described | 10 | | in item (x) of this Section, for
sale
in the ordinary course of
| 11 | | such person's business, including any successor or successors | 12 | | to
such developers' entire
interest in the property other than | 13 | | the purchaser of an individual unit.
| 14 | | (r) "Add-on Condominium" means a property to which | 15 | | additional property
may be added in accordance with condominium | 16 | | instruments and this Act.
| 17 | | (s) "Limited Common Elements" means a portion of the common | 18 | | elements so
designated in the declaration as being reserved for | 19 | | the use of a certain
unit or units to the exclusion of other | 20 | | units, including but not limited
to balconies, terraces, patios | 21 | | and parking spaces or facilities.
| 22 | | (t) "Building" means all structures, attached or | 23 | | unattached, containing
one or more units.
| 24 | | (u) "Master Association" means an organization described | 25 | | in Section 18.5
whether or not it is also an association | 26 | | described in Section 18.3.
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| 1 | | (v) "Developer Control" means such control at a time prior | 2 | | to the
election
of the Board of Managers provided for in | 3 | | Section 18.2(b) of this Act.
| 4 | | (w) "Meeting of Board of Managers or Board of Master | 5 | | Association"
means any gathering of a quorum of the members of | 6 | | the Board
of Managers or Board of the Master Association held | 7 | | for the purpose of
conducting board business.
| 8 | | (x) "Leasehold Condominium" means a property submitted to | 9 | | the provisions
of this Act which is subject to a lease, the | 10 | | expiration or termination of which
would terminate the | 11 | | condominium and the lessor of which is (i) exempt from
taxation
| 12 | | under Section 501(c)(3) of the Internal Revenue Code of 1986, | 13 | | as amended,
(ii) a
limited liability company whose sole member | 14 | | is exempt from taxation under
Section 501
(c)(3) of the | 15 | | Internal Revenue Code of 1986, as amended, or (iii)
a Public | 16 | | Housing Authority created pursuant to the
Housing Authorities | 17 | | Act that is located in a municipality having a population
in
| 18 | | excess of 1,000,000 inhabitants. | 19 | | (y) "Electronic transmission" means any form of | 20 | | communication, not directly involving the physical | 21 | | transmission of paper, that creates a record that may be | 22 | | retained, retrieved, and reviewed by a recipient and that may | 23 | | be directly reproduced in paper form by the recipient through | 24 | | an automated process. | 25 | | (z) "Acceptable technological means" includes, without | 26 | | limitation, electronic transmission over the Internet or other |
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| 1 | | network, whether by direct connection, intranet, telecopier, | 2 | | or electronic mail.
| 3 | | (aa) "Regular Monthly Assessments" means the amount | 4 | | charged by the association as provided for in the current | 5 | | annual budget adopted under subsection (c) of Section 9 of this | 6 | | Act. | 7 | | (Source: P.A. 98-1042, eff. 1-1-15 .)
| 8 | | (765 ILCS 605/9) (from Ch. 30, par. 309)
| 9 | | Sec. 9. Sharing of expenses - Lien for nonpayment.
| 10 | | (a) All common expenses incurred or accrued prior to the | 11 | | first conveyance
of a unit shall be paid by the developer, and | 12 | | during this period no common
expense assessment shall be | 13 | | payable to the association. It shall be the duty
of each unit | 14 | | owner including the developer to pay his proportionate share of
| 15 | | the common expenses commencing with the first conveyance. The | 16 | | proportionate
share shall be in the same ratio as his | 17 | | percentage of ownership in the common
elements set forth in the | 18 | | declaration.
| 19 | | (b) The condominium instruments may provide that common | 20 | | expenses for
insurance premiums be assessed on a basis | 21 | | reflecting increased charges for
coverage on certain units.
| 22 | | (c) Budget and reserves.
| 23 | | (1) The board of managers shall prepare and distribute | 24 | | to
all unit owners a detailed proposed annual budget, | 25 | | setting forth with
particularity all anticipated common |
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| 1 | | expenses by category as well as all
anticipated assessments | 2 | | and other income. The initial budget and common
expense | 3 | | assessment based thereon shall be adopted prior to the
| 4 | | conveyance of any unit. The budget shall also set forth | 5 | | each unit owner's
proposed common expense assessment.
| 6 | | (2) All budgets adopted by a board of managers on or | 7 | | after July 1, 1990
shall provide for reasonable reserves | 8 | | for capital expenditures and deferred
maintenance for | 9 | | repair or replacement of the common elements. To determine
| 10 | | the amount of reserves appropriate for an association, the | 11 | | board of
managers shall take into consideration the | 12 | | following: (i) the repair and
replacement cost, and the | 13 | | estimated useful life, of the property which the
| 14 | | association is obligated to maintain, including but not | 15 | | limited to
structural and mechanical components, surfaces | 16 | | of the buildings and common
elements, and energy systems | 17 | | and equipment; (ii) the current and
anticipated return on | 18 | | investment of association funds; (iii) any
independent | 19 | | professional reserve study which the association may | 20 | | obtain;
(iv) the financial impact on unit owners, and the | 21 | | market value of the
condominium units, of any assessment | 22 | | increase needed to fund reserves; and
(v) the ability of | 23 | | the association to obtain financing or refinancing.
| 24 | | (3) Notwithstanding the provisions of this subsection | 25 | | (c), an
association without a reserve requirement in its | 26 | | condominium
instruments may elect to waive in whole or in |
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| 1 | | part the reserve requirements
of this Section by a vote of | 2 | | 2/3 of the total votes of the association.
Any association | 3 | | having elected under this paragraph (3) to waive the
| 4 | | provisions of subsection (c) may by a vote of 2/3 of the | 5 | | total votes of the
association elect to again be governed | 6 | | by the requirements of subsection (c).
| 7 | | (4) In the event that an association elects to waive | 8 | | all or part of
the reserve requirements of this Section, | 9 | | that fact must be
disclosed after the meeting at which the | 10 | | waiver occurs by the
association in the financial | 11 | | statements of the association and, highlighted
in bold | 12 | | print, in the response to any request of a prospective | 13 | | purchaser
for the information prescribed under Section | 14 | | 22.1; and no member of the
board of managers or the | 15 | | managing agent of the association shall be liable,
and no | 16 | | cause of action may be brought for damages against these | 17 | | parties,
for the lack or inadequacy of reserve funds in the | 18 | | association budget.
| 19 | | (d) (Blank).
| 20 | | (e) The condominium instruments may provide for the | 21 | | assessment,
in connection with expenditures for the limited | 22 | | common elements, of only those
units to which the limited | 23 | | common elements are assigned.
| 24 | | (f) Payment of any assessment shall be in amounts and at | 25 | | times
determined by the board of managers.
| 26 | | (g) Lien.
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| 1 | | (1) If any unit owner shall fail or refuse to make any | 2 | | payment of
the common expenses or the amount of any unpaid | 3 | | fine when due, the
amount thereof together with any | 4 | | interest, late charges, reasonable
attorney fees incurred | 5 | | enforcing the covenants of the condominium
instruments, | 6 | | rules and regulations of the board of managers, or any | 7 | | applicable
statute or ordinance, and costs of collections | 8 | | shall constitute a lien on the
interest of the unit owner | 9 | | in the property prior to all other
liens and encumbrances, | 10 | | recorded or unrecorded, except only (a) taxes,
special | 11 | | assessments and special taxes theretofore or thereafter | 12 | | levied by
any political subdivision or municipal | 13 | | corporation of this State and other
State or federal taxes | 14 | | which by law are a lien on the interest of the
unit owner | 15 | | prior to preexisting recorded encumbrances thereon and
(b) | 16 | | encumbrances on the interest of the unit owner recorded
| 17 | | prior to the date of such failure or refusal which by law | 18 | | would be a lien
thereon prior to subsequently recorded | 19 | | encumbrances. Any action
brought to extinguish the lien of | 20 | | the association shall include the
association as a party.
| 21 | | (2) With respect to encumbrances executed prior to | 22 | | August 30, 1984 or
encumbrances executed subsequent to | 23 | | August 30, 1984 which are neither
bonafide first mortgages | 24 | | nor trust deeds and which encumbrances contain a
statement | 25 | | of a mailing address in the State of Illinois where notice | 26 | | may be
mailed to the encumbrancer thereunder, if and |
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| 1 | | whenever and as often as the
manager or board of managers | 2 | | shall send, by United States certified or
registered mail, | 3 | | return receipt requested, to any such encumbrancer at the
| 4 | | mailing address set forth in the recorded encumbrance a | 5 | | statement of the
amounts and due dates of the unpaid common | 6 | | expenses with respect to the
encumbered unit, then, unless | 7 | | otherwise provided in the declaration or bylaws,
the prior | 8 | | recorded encumbrance shall be subject to the lien of all | 9 | | unpaid
common expenses with respect to the unit which | 10 | | become due and payable within a
period of 90 days after the | 11 | | date of mailing of each such notice.
| 12 | | (3) The purchaser of a condominium unit at a judicial
| 13 | | foreclosure sale, or a mortgagee who receives title to a | 14 | | unit by deed in
lieu of foreclosure or judgment by common | 15 | | law strict foreclosure or
otherwise takes possession | 16 | | pursuant to court order under the Illinois
Mortgage | 17 | | Foreclosure Law, shall have the duty to pay the unit's
| 18 | | proportionate share of the common expenses for the unit | 19 | | assessed from and
after the first day of the month after | 20 | | the date of the judicial foreclosure
sale, delivery of the | 21 | | deed in lieu of foreclosure, entry of a judgment in
common | 22 | | law strict foreclosure, or taking of possession pursuant to | 23 | | such
court order. Such payment confirms the extinguishment | 24 | | of any lien created
pursuant to paragraph (1) or (2) of | 25 | | this subsection (g) by virtue of the
failure or refusal of | 26 | | a prior unit owner to make payment of common
expenses, |
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| 1 | | where the judicial foreclosure sale has been confirmed by | 2 | | order
of the court, a deed in lieu thereof has been | 3 | | accepted by the lender, or a
consent judgment has been | 4 | | entered by the court.
| 5 | | (4) Following a foreclosure sale, consent foreclosure, | 6 | | common law strict foreclosure, or the delivery of a deed in | 7 | | lieu of foreclosure, the mortgagee shall have the duty to | 8 | | pay to the association those amounts required by | 9 | | subdivision (g)(1) of Section 9 of this Act, except that | 10 | | the The purchaser of a condominium unit at a judicial | 11 | | foreclosure sale, other than a mortgagee, or a purchaser of | 12 | | a condominium unit from a mortgagee who acquired title | 13 | | through a judicial foreclosure, a consent foreclosure, a | 14 | | common law strict foreclosure, or the delivery of a deed in | 15 | | lieu of foreclosure who takes possession of a condominium | 16 | | unit pursuant to a court order or a purchaser who acquires | 17 | | title from a mortgagee shall have the duty to pay to the | 18 | | association an amount not to exceed the total of the unpaid | 19 | | regular monthly assessments for the condominium unit for | 20 | | the 9-month period immediately preceding the date of the | 21 | | judicial foreclosure sale, delivery of the deed in lieu of | 22 | | foreclosure, entry of a judgment in a common law strict | 23 | | foreclosure, or the taking of possession pursuant to a | 24 | | court order under the Illinois Mortgage Foreclosure Law. | 25 | | The amount due may include any attorney's fees incurred by | 26 | | the association due to the non-payment of the assessments |
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| 1 | | during the same 9-month period, and in no event shall the | 2 | | total amount due exceed the sum of 9 months of regular | 3 | | monthly assessments the proportionate share, if any, of the | 4 | | common expenses for the unit which would have become due in | 5 | | the absence of any assessment acceleration during the 6 | 6 | | months immediately preceding institution of an action to | 7 | | enforce the collection of assessments, and which remain | 8 | | unpaid by the owner during whose possession the assessments | 9 | | accrued. If the outstanding assessments are paid at any | 10 | | time during any action to enforce the collection of | 11 | | assessments, the purchaser shall have no obligation to pay | 12 | | any assessments which accrued before he or she acquired | 13 | | title .
| 14 | | (5) The notice of sale of a condominium unit under | 15 | | subsection (c) of Section 15-1507 of the Code of Civil | 16 | | Procedure shall state that the purchaser of the unit other | 17 | | than a mortgagee shall pay to the association amounts the | 18 | | assessments and the legal fees required by subdivision | 19 | | subdivisions (g)(1) and (g)(4) of Section 9 of this Act. | 20 | | The statement of assessment account issued by the | 21 | | association to a unit owner under subsection (i) of Section | 22 | | 18 of this Act, and the disclosure statement issued to a | 23 | | prospective purchaser under Section 22.1 of this Act, shall | 24 | | state the amount of the assessments and the legal fees, if | 25 | | any, required by subdivisions (g)(1) and (g)(4) of Section | 26 | | 9 of this Act.
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| 1 | | (h) A lien for common expenses shall be in favor of the | 2 | | members of the
board of managers and their successors in office | 3 | | and shall be for the
benefit of all other unit owners. Notice | 4 | | of the lien may be recorded by
the board of managers, or if the | 5 | | developer is the manager or has a majority
of seats on the | 6 | | board of managers and the manager or board of managers
fails to | 7 | | do so, any unit owner may record notice of the lien. Upon the
| 8 | | recording of such notice the lien may be foreclosed by an | 9 | | action brought in
the name of the board of managers in the same | 10 | | manner as a mortgage of real
property.
| 11 | | (i) Unless otherwise provided in the declaration, the | 12 | | members
of the board of managers and their successors in | 13 | | office, acting on behalf
of the other unit owners, shall have | 14 | | the power to bid on the
interest so foreclosed at the | 15 | | foreclosure sale, and to acquire and
hold, lease, mortgage and | 16 | | convey it.
| 17 | | (j) Any encumbrancer may from time to time request in | 18 | | writing a written
statement from the manager or board of | 19 | | managers setting forth the unpaid
common expenses with respect | 20 | | to the unit covered by his encumbrance.
Unless the request is | 21 | | complied with within 20 days, all unpaid common
expenses which | 22 | | become due prior to the date of the making of such request
| 23 | | shall be subordinate to the lien of the encumbrance. Any | 24 | | encumbrancer
holding a lien on a unit may pay any unpaid common | 25 | | expenses payable with
respect to the unit, and upon payment the | 26 | | encumbrancer shall have a lien on
the unit for the amounts paid |
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| 1 | | at the same rank as the lien of his encumbrance.
| 2 | | (k) Nothing in Public Act 83-1271 is intended to change the | 3 | | lien
priorities of any encumbrance created prior to August 30, | 4 | | 1984.
| 5 | | (Source: P.A. 94-1049, eff. 1-1-07.)
| 6 | | (765 ILCS 605/22.1) (from Ch. 30, par. 322.1)
| 7 | | Sec. 22.1.
(a) In the event of any resale of a condominium | 8 | | unit by a
unit owner other than the developer , the Board of | 9 | | Managers shall produce for the seller and the prospective | 10 | | purchaser, either electronically or in writing, within 14 days | 11 | | of a request from the owner or the owner's agent if the | 12 | | association is managed by a community association management | 13 | | firm or a community association manager, as those terms are | 14 | | defined in Section 10 of the Community Association Manager | 15 | | Licensing and Disciplinary Act, and within 21 days if the | 16 | | association is self-managed: such owner shall obtain from the | 17 | | Board
of Managers and shall make available for inspection to | 18 | | the prospective
purchaser, upon demand, the following:
| 19 | | (1) A copy of the Declaration, by-laws, other | 20 | | condominium
instruments and any rules and regulations.
| 21 | | (2) A statement of any liens, including a statement of
| 22 | | the account of the unit setting forth the amounts of unpaid | 23 | | assessments and
other charges due and owing as authorized | 24 | | and limited by the provisions
of Section 9 of this Act or | 25 | | the condominium instruments.
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| 1 | | (3) A statement of any capital expenditures | 2 | | anticipated by the unit
owner's association within the | 3 | | current or succeeding two fiscal years.
| 4 | | (4) A statement of the status and amount of any reserve
| 5 | | for replacement fund and any portion of such fund earmarked | 6 | | for any
specified project by the Board of Managers.
| 7 | | (5) A copy of the statement of financial condition of | 8 | | the unit owner's
association for the last fiscal year for | 9 | | which such statement is available.
| 10 | | (6) A statement of the status of any pending suits or
| 11 | | judgments in which the unit owner's association is a party.
| 12 | | (7) A statement setting forth what insurance coverage | 13 | | is
provided for all unit owners by the unit owner's | 14 | | association.
| 15 | | (8) A statement that any improvements or alterations | 16 | | made
to the unit, or the limited common elements assigned | 17 | | thereto, by the prior
unit owner are in good faith believed | 18 | | to be in compliance with the
condominium instruments.
| 19 | | (9) The identity and mailing address of the principal | 20 | | officer of the
unit owner's association or of the other | 21 | | officer or agent as is
specifically designated to receive | 22 | | notices.
| 23 | | (10) If ownership of the condominium unit was | 24 | | transferred by either a judicial foreclosure sale, a | 25 | | consent foreclosure, a common law strict foreclosure, or a | 26 | | deed in lieu of foreclosure, a statement setting forth the |
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| 1 | | total due and owing under subsection (g) of Section 9 of | 2 | | this Act. | 3 | | (b) The principal officer of the unit owner's association | 4 | | or such other
officer as is specifically designated shall | 5 | | furnish the above information
when requested to do so either | 6 | | electronically or in writing and within 14 30 days of the | 7 | | request.
| 8 | | (c) Within 15 days of the recording of a mortgage or trust | 9 | | deed
against a unit ownership given by the owner of that unit | 10 | | to secure a debt,
the owner shall inform the Board of Managers | 11 | | of the unit owner's
association of the identity of the lender | 12 | | together with a mailing address
at which the lender can receive | 13 | | notices from the association.
If a unit owner fails or refuses | 14 | | to inform the Board as required under
subsection (c) then that | 15 | | unit owner shall be liable to the association for
all costs, | 16 | | expenses and reasonable attorneys fees and such other damages,
| 17 | | if any, incurred by the association as a result of such failure | 18 | | or refusal.
| 19 | | A reasonable fee covering the direct out-of-pocket cost of | 20 | | providing
such information and copying may be charged by the | 21 | | association or its Board
of Managers to the unit seller for | 22 | | providing such information.
| 23 | | (Source: P.A. 87-692.)
| 24 | | Section 99. Effective date. This Act takes effect upon | 25 | | becoming law.
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