Illinois Compiled Statutes 765 ILCS 86 Land Sales Registration Act of 1999. Section 1-5

    (765 ILCS 86/1-5)

    (Section scheduled to be repealed on January 1, 2020)

    Sec. 1-5. Declaration of public policy. The practice of selling land that is located outside the State of Illinois and offered for sale to individuals who are located in the State of Illinois is declared to affect the public health, safety, and welfare and to be subject to regulation and control in the public interest. It is further declared to be a matter of public interest and concern that the business of selling and conveying parcels of land from real estate subdivisions located outside the State of Illinois and the practice of land sales as defined in this Act merit and receive the confidence of the public, so that only qualified persons be authorized to practice the sale of foreign land within the State of Illinois. This Act shall be liberally construed to best carry out these subjects and purposes.

(Source: P.A. 91-338, eff. 12-30-99.)

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Last modified: February 18, 2015