103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB5502 Introduced , by Rep. Kevin John Olickal SYNOPSIS AS INTRODUCED: 765 ILCS 5/5.40 new 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. LRB103 37448 JRC 67570 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB5502 Introduced , by Rep. Kevin John Olickal SYNOPSIS AS INTRODUCED: 765 ILCS 5/5.40 new 765 ILCS 5/5.40 new 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. LRB103 37448 JRC 67570 b LRB103 37448 JRC 67570 b A BILL FOR
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB5502 Introduced , by Rep. Kevin John Olickal SYNOPSIS AS INTRODUCED:
765 ILCS 5/5.40 new 765 ILCS 5/5.40 new
765 ILCS 5/5.40 new
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.
LRB103 37448 JRC 67570 b LRB103 37448 JRC 67570 b
LRB103 37448 JRC 67570 b
A BILL FOR
HB5502LRB103 37448 JRC 67570 b HB5502 LRB103 37448 JRC 67570 b
HB5502 LRB103 37448 JRC 67570 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 Conveyances Act is amended by adding
5 Section 5.40 as follows:
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB5502 Introduced , by Rep. Kevin John Olickal SYNOPSIS AS INTRODUCED:
765 ILCS 5/5.40 new 765 ILCS 5/5.40 new
765 ILCS 5/5.40 new
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.
LRB103 37448 JRC 67570 b LRB103 37448 JRC 67570 b
LRB103 37448 JRC 67570 b
A BILL FOR
765 ILCS 5/5.40 new
LRB103 37448 JRC 67570 b
HB5502 LRB103 37448 JRC 67570 b