|
|
|
|
95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB3042
Introduced 2/26/2007, by Rep. Tom Cross SYNOPSIS AS INTRODUCED:
|
|
|
|
Amends the Residential Real Property Disclosure Act. Makes a technical
change in a Section concerning violations and damages.
|
| |
|
|
|
|
A BILL FOR
|
|
|
|
|
HB3042 |
|
LRB095 06588 AJO 26692 b |
|
|
| 1 |
| AN ACT concerning civil law.
|
| 2 |
| Be it enacted by the People of the State of Illinois, |
| 3 |
| represented in the General Assembly:
|
| 4 |
| Section 5. The Residential Real Property Disclosure Act is |
| 5 |
| amended by changing Section 55 as follows:
|
| 6 |
| (765 ILCS 77/55)
|
| 7 |
| Sec. 55. Violations and damages. If the
the seller fails or |
| 8 |
| refuses to
provide the disclosure document prior to the |
| 9 |
| conveyance of the residential
real
property, the buyer shall |
| 10 |
| have the right to terminate the contract. A person
who |
| 11 |
| knowingly violates or fails to perform any duty prescribed by
|
| 12 |
| any provision of this Act or who discloses any information on
|
| 13 |
| the Residential Real Property Disclosure Report that he knows |
| 14 |
| to
be false shall be liable in the amount of actual damages and
|
| 15 |
| court costs, and the court may award reasonable attorney fees
|
| 16 |
| incurred by the prevailing party. |
| 17 |
| (Source: P.A. 90-383, eff. 1-1-98.)
|