(765 ILCS 86/10-10)
(Section scheduled to be repealed on January 1, 2020)
Sec. 10-10. Title insurance. The subdivider shall arrange for the issuance of an owners title insurance policy following recording, subject only to the conditions contained in the contract and the standard exceptions contained in the title policy. If there are defects in the title rendering it uninsurable, the purchaser has the option of reconveying or releasing the lot and receiving a refund of all moneys paid under the contract, and the purchaser shall be released from any and all obligations under the contract.
(Source: P.A. 91-338, eff. 12-30-99.)
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Last modified: February 18, 2015