Illinois House Bill 4841

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-02-07 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Common Interest Community Association Act. Prohibits a person from running for or serving on an association that collects $100,000 or more in annual dues if, within the immediately preceding 36-month period, he or she has been more than 3 months delinquent in the payment of any fees or assessments to the association or has written 2 or more insufficient funds checks to the association for the payment of assessments or fees. Requires officers and members of the board to exercise the care required of a fiduciary of the membership. Prohibits a board, its officers, or board members from forbearing the payment of assessments or fees by any member nor shall any officer or member of the board unilaterally waive or vote on the waiver of any penalties applicable to himself or herself. For associations that collect annual dues of $100,000 or more, requires a background check of all members of the board in obtaining any fidelity bond and directors and officers liability coverage. Requires notification to the membership on a monthly basis through the prescribed delivery method of all delinquencies for dues, fees, and fines by any member of the board.

COMMON INTEREST-BOARD DUTIES

Rep. Daniel Didech [D]

Date	Chamber	Action
2024-02-07	House	Referred to Rules Committee
2024-02-07	House	First Reading
2024-02-06	House	Filed with the Clerk by Rep. Daniel Didech

Chapter	Article	Section	Citation Type	Statute Text
765	160	1-25	Amended Code	Citation Text
765	160	1-30	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4841&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB4841.htm