765 ILCS 160 (Common Interest Community Association Act)
Complete compliance reference for Illinois HOA and condo boards. Below you'll find late fee limits, violation notice procedures, reserve study requirements, collection rules, and meeting mandates — all based on current state statutes.
14
Day Cure Period
15
Day Grace Period
2
Day Board Meeting Notice
Yes
Hearing Required
Late fees per declaration. Must be reasonable.
Notice and hearing required. Board must follow published fine schedule.
No mandatory reserve study. Budget must include reserve line item.
Lien per CICAA.
Board meetings open. 48 hours notice.
Legal Disclaimer
This information is for general guidance only and does not constitute legal advice. HOA laws change frequently. Always consult a licensed attorney in Illinois for specific legal questions regarding your community.
Parkie's compliance engine automatically monitors your Illinois community against state regulations — flagging late fee violations, notice deadlines, and reserve requirements before they become problems.