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HB 5449·IL·house

CONDO CI ASSN-DISCLSOURE INFO

EnactedFiled Feb 6, 2026
Sponsor: Rita Mayfield (D)
Latest Action

Public Act . . . . . . . . . 104-0797

Aug 7, 2026

Summary

The law amends Illinois' condo and common‑interest community statutes to make boards more transparent. Boards must maintain a public website with meeting agendas and minutes, email members quarterly financial details, and any fee increase above 10% must be approved by 75% of owners. It also adds stricter conflict‑of‑interest, budgeting, and insurance rules.

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