Illinois Compiled Statutes 225 ILCS 454 Real Estate License Act of 2000. Section 15-20

    (225 ILCS 454/15-20)

    (Section scheduled to be repealed on January 1, 2020)

    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.

(Source: P.A. 91-245, eff. 12-31-99; 92-16, eff. 6-28-01.)

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Last modified: February 18, 2015