Summary of the New Condominium and Common Interest Community Ombudsperson Act (IL)
On July 1, 2016, the Condominium and Common Interest Community Ombudsperson Act will go into effect. The Act establishes the Office of the Condominium and Common Interest Community Ombudsperson. This regulatory Office is designed to educate and assist condominium and common interest community owners and managers about the Condominium Property Act and the Common Interest Community Association Act. The Act also tasks the Office with responsibilities including association registration, legislative reform, unit owner complaint resolution, and enforcement. Notably, complaints can’t be filed by unit owners until July 1, 2019 and the law will be automatically repealed July 1, 2021. That said, unit owners and associations will need to be aware of this currently limited life legislation and its effect on their community. Read the article………………..
This evening, Federal Housing Administration Principal Deputy Assistant Secretary Ed Golding joined National Association of Realtors® President Chris Polychron on
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