Bill Title: Amends the Condominium Property Act. Provides, in provisions concerning master associations, that a purchaser of a unit at a judicial foreclosure sale, other than a mortgagee who takes possession pursuant to a court order or a purchaser who acquires title from a mortgagee, has the duty to pay the proportionate share of the common expenses for the unit during the 6 months immediately before the filing of an action to collect assessments and the association's costs of collection, including reasonable attorney's fees, (instead of an action to collect assessments) that remain unpaid by the prior owner. Provides that if the outstanding assessments and the association's costs of collection, including reasonable attorney's fees (instead of outstanding assessments) are paid during an action to collect assessments, the purchaser shall have no obligation to pay any assessments or costs (instead of any assessments) that accrued before he or she acquired title. Makes related changes.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2011-08-23 - Public Act . . . . . . . . . 97-0535 [SB1972 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2011-08-24	HTML/Text	Link	View
Amended	2011-05-17	HTML/Text	Link	View
Amended	2011-04-11	HTML/Text	Link	View
Enrolled	Not Avail	HTML/Text	Link	View
Engrossed	Not Avail	HTML/Text	Link	View
Introduced	Not Avail	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB1972

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1972 currently on file.

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