(765 ILCS 605/32)
Sec. 32.
Alternate dispute resolution; mediation; arbitration.
(a) The declaration or bylaws of a condominium association may require
mediation or arbitration of disputes in which the matter in controversy has
either no specific monetary value or a value of $10,000 or less, other than the
levying and collection of assessments, or that arises out of violations of the
declaration, bylaws, or rules and regulations of the condominium association.
A dispute not required to be mediated or arbitrated by an association
pursuant to its powers under this Section, that is submitted to mediation or
arbitration by the agreement of the disputants, is also subject to this
Section.
(b) The Illinois Uniform Arbitration Act shall govern all arbitrations
proceeding under this Section.
(b-5) The Uniform Mediation Act shall govern all mediations proceeding
under this Section.
(c) The association may require the disputants to bear the costs of
mediation or arbitration.
(Source: P.A. 93-399, eff. 1-1-04.)
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