Illinois Compiled Statutes 765 ILCS 925 Notice of Prepayment of Federally Subsidized Mortgage Act. Section 6

    (765 ILCS 925/6) (from Ch. 67 1/2, par. 906)

    Sec. 6. Before executing any lease agreement, an owner of a building receiving a Section 8 contract, of which IHDA is not the contract administrator, shall notify all prospective tenants in writing of the date of the expiration of the Section 8 contract. An owner shall notify current tenants of the date of expiration of a Section 8 contract within 60 days of the effective date of this Act.

(Source: P.A. 85-1438.)

Sections:  Previous  1  2  3  4  5  6  7  8  Next

Last modified: February 18, 2015