Gov. Pat Quinn has signed a new law that aims to help protect condominium owners and associations across Illinois.
The legislation creates a position within the Illinois Department of Financial and Professional Regulation to help resolve disputes and to educate condominium owners.
“This new law will give condominium unit owners alternatives to litigation as they work to resolve disputes,” Quinn said. “By helping prevent potentially expensive litigation, the condominium ombudsperson can help keep costs down for property owners throughout Illinois.”
House Bill 4204 creates the Condominium and Common Interest Community Ombudsperson Act, which establishes an Ombudsperson within the Department of Financial and Professional Regulation. This new position will provide dispute resolution assistance on behalf of condominium unit owners beginning Jan. 1, 2019.
Also under the law, the new office will provide educational materials on a website that are relevant to condominiums and common interest communities. Additionally, condominium and common interest community associations must have a written policy for resolving disputes and have registered with the Department of Financial and Professional Regulation. The legislation is effective July 1, 2016.