HB 5079

Amends the Common Interest Community Association Act and the Condominium Property Act. Authorizes the Department of Financial and Professional Regulation to investigate, make findings, or make recommendations for enforcement on behalf of unit owners of common interest community and condominium associations whose rights have been violated by the owners' governing board under Illinois law or under the board's governing documents. Amends the Financial Institutions Act. Authorizes the Department to administer and enforce these provisions on behalf of unit owners and adopt rules to implement the Act. Effective July 1, 2027.