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Public Act 096-0228
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| HB0155 Enrolled |
LRB096 03467 AJO 13491 b |
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AN ACT concerning civil law.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Condominium Property Act is amended by |
adding Section 22.2 as follows:
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(765 ILCS 605/22.2 new) |
Sec. 22.2. Resale approval. In the event of a sale of a |
condominium unit by a unit owner, no condominium association |
shall exercise any right of refusal, option to purchase, or |
right to disapprove the sale, on the basis that the purchaser's |
financing is guaranteed by the Federal Housing Authority.
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