<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 2721         </title>
<shortdesc>CONDO/HOA-RESALE-RESERVE STUDY</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jennifer Gong-Gershowitz</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>765 ILCS 160/1-35</reference><aliasreference></aliasreference><reference>765 ILCS 605/18.5</reference><aliasreference>from Ch. 30, par. 318.5</aliasreference><reference>765 ILCS 605/22.1</reference><aliasreference>from Ch. 30, par. 322.1</aliasreference><SynopsisText>     Amends the Common Interest Community Association Act and the Condominium Property Act. Provides that in the event of any resale of a unit by a member or unit owner other than the developer, the board of directors or managers shall make available for inspection to the prospective purchaser, among other things, a copy of the most recent independent professional reserve study obtained by the association for the property or a statement that the association has not obtained such a study within the last 7 years.</SynopsisText></synopsis>
<actions>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jennifer Gong-Gershowitz</action>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/26/2019</statusdate><chamber>House</chamber><action>Assigned to Judiciary - Civil Committee</action>
<statusdate>2/27/2019</statusdate><chamber>House</chamber><action>To Civil Procedure Subcommittee</action>
<statusdate>2/27/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Jennifer Gong-Gershowitz</action>
<statusdate>2/27/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/5/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee</action>
<statusdate>3/6/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 To Civil Procedure Subcommittee</action>
<statusdate>3/29/2019</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/29/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

