Bill Text: IL HB5502 | 2023-2024 | 103rd General Assembly | Chaptered
Bill Title: Amends the Conveyances Act. Provides that a person or entity that purchases existing residential real estate with the purpose of renovation and resale is prohibited from reselling the real estate within 6 months of purchase.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2024-07-19 - Public Act . . . . . . . . . 103-0719 [HB5502 Detail]
Download: Illinois-2023-HB5502-Chaptered.html
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| Public Act 103-0719 | ||||
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AN ACT concerning civil law.
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Be it enacted by the People of the State of Illinois, | ||||
represented in the General Assembly:
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Section 5. The Condominium Property Act is amended by | ||||
changing Section 22.2 as follows:
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