(Section scheduled to be repealed on January 1, 2030)
133 words·~1 min read·
/il/chapter-225/act-454/1-17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(Section scheduled to be repealed on January 1, 2030)
Sec. 15-20. Failure to disclose information not affecting physical condition. No cause of action shall arise against a licensee for the failure to disclose:
(i)that an occupant of the property was afflicted with Human Immunodeficiency Virus
(HIV)or any other medical condition;
(ii)that the property was the site of an act or occurrence that had no effect on the physical condition of the property or its environment or the structures located thereon;
(iii)fact situations on property that is not the subject of the transaction; or
(iv)physical conditions located on property that is not the subject of the transaction that do not have a substantial adverse effect on the value of the real estate that is the subject of the transaction.