Sec. 45. Waiver of a distressed property conveyance contract.
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/il/chapter-765/act-940/45A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 45. Waiver of a distressed property conveyance contract. Any waiver of the provisions of Sections 35 and 40 are void and unenforceable as contrary to public policy, except that a consumer may waive the 5-day right to cancel provided in Section 35 if the property is subject to a foreclosure sale within the 5 business days and the owner of the distressed property agrees to waive his or her right to cancel in a handwritten statement that is signed by all parties holding title to the distressed property.