Illinois §22.1 · common questions

What documents and statements are in a 22.1 disclosure?

Section 22.1(a) of the Illinois Condominium Property Act lists nine items the association must provide: (1) the declaration, bylaws, other instruments, and rules; (2) a statement of liens and the unit's account, including unpaid assessments and other charges; (3) capital expenditures anticipated within the current or next two fiscal years; (4) the status and amount of the reserve fund and any project earmarks; (5) the association's statement of financial condition for the last available fiscal year; (6) the status of pending suits or judgments involving the association; (7) the insurance coverage provided for unit owners; (8) a good-faith statement that prior improvements to the unit comply with the condominium instruments; and (9) the identity and mailing address of the principal officer or designated notice agent.

Documents vs. statements

Items (1) and (5) are documents you attach — the governing documents and the financial statement. The other seven are statements the association writes for this specific transaction, dated and signed by the responding officer. A complete packet typically also includes a paid assessment letter for the title company.