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92_HB5136
LRB9212121WHcs
1 AN ACT concerning real property.
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
5 is amended by changing Section 20 as follows:
6 (765 ILCS 77/20)
7 Sec. 20. Seller's disclosure statement. A seller of
8 residential real property shall complete all applicable
9 items in the disclosure document described in Section 35 of
10 this Act. The seller shall deliver to the prospective buyer
11 the written disclosure statement required by this Act before
12 the signing of a written agreement by the seller and
13 prospective buyer that would, subject to the satisfaction of
14 any negotiated contingencies, require the prospective buyer
15 to accept a transfer of the residential real property.
16 (Source: P.A. 88-111.)