IRELA Legislative Update

Tue, October 25, 2022 11:00 AM | Anne Hengehold (Administrator)

To read the complete latest edition of the IRELA Legislative Update, go to the Member News Blog. Here's what you'll find:

  • Last Session and the Residential Real Property Disclosure Act
  • The ILTA Market Reform Bill
  • Other Real Estate Bills that Became Law:
    • Special Warranty Deeds - HB 4270  
    • Condominium Property Act – Resale of Unit   HB 5246  
    • Property Records Reserve Study – HB 4158 (P.A. 102-0921)  
  • Where do things stand today?
  • General Assembly Update:
    • Veto Session and Lame Duck
  • Election Season Update:
    • General Assembly
    • Governor and other offices
    • Illinois Supreme Court

In addition to the update, the IRELA-Residential Real Property Disclosure Act Modernization Fact Sheet is available for download, and, Dan Greenberg's June 13th presentation on changes to the Act is available on the Members-Only page for review and on-demand CLE. 

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