| City of Chicago Nuisance Abatement Ordinance |
| Tuesday, 29 November 2005 | |
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Slum Nuisance Abatement Ordinance for
City of Chicago The City of Chicago has passed an amended Slum
Nuisance Abatement Ordinance, Effective December 2005, which
directly impacts homeowner and mortgagees alike. The new
Ordinance broadens the definition of a public nuisance; includes a
fine provision for owners, agents, property managers, lenders and
leinholders; and holds lenders liable for failure to correct code
violations.
Note: The City can assign the property to the lender, however if the lender does not comply, the lender will be directly liable for violations and fines. The lender has the option of releasing its lien on the property so that it can be transferred to the City. To view a summary of the ordinance received from the City of Chicago's Law Dept. please click on the following file:
To view the full ordinance pleasde click on the following link: City of Chicago Nuisance Abatement Ordinance
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