Sunday, July 5, 2009

Lawmakers Vote To License Property Managers

In the Chicago Tribune, Pamela Dittmer McKuen summarizes recently passed legislation that affects condo associations:

Association managers soon will need a license to practice their trade. The Community Association Manager Licensing and Disciplinary Act, originally known as SB-1579, passed both houses of the Illinois General Assembly on May 30. Many of the details have yet to be worked out, but the bill creates a regulatory board and denies licensure to anyone convicted of a felony.

Other association-related legislation that passed:

Bills HB-688 and SB-267 allow municipalities to get court permission to reclaim uncompleted and deteriorating condominium projects that are a danger or nuisance to the community. The properties can be turned over to a receiver for management, rehabilitation, completion, sale or dissolution.

HB-155: When a condo owner sells a unit, the association can't exercise its right of first refusal or option to purchase on the basis of the type of financing used by the buyer.

SB-1390 amends the General Not-For-Profit Act to allow the use of e-mail for notices and other informal communications.

All of those bills await the signature of Gov. Pat Quinn to become law.

For details, see the complete article.

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