Bill Text: IL SB1972 | 2011-2012 | 97th General Assembly | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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]
Download: Illinois-2011-SB1972-Amended.html
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]
Download: Illinois-2011-SB1972-Amended.html
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| 1 | AMENDMENT TO SENATE BILL 1972
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 1972 on page 14, by | ||||||
| 3 | replacing lines 15 through 19 with the following:
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| 4 | "assessments, and the court costs incurred by the association | ||||||
| 5 | in an action to enforce the collection and that remain unpaid | ||||||
| 6 | by the owner during whose possession the assessments accrued. | ||||||
| 7 | If the outstanding assessments and the court costs incurred by | ||||||
| 8 | the association in an action to enforce the collection are paid | ||||||
| 9 | at"; and
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| 10 | on page 14, line 22, by deleting "or costs"; and
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| 11 | on page 14, line 26, after "and", by inserting "court".
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