Section 3 is the County's required Economic and Other Disclosures Statement form. This EDS requires certain disclosures and certifications from Applicants that are not required from entities holding an interest in the Applicant."Disclosing Party" means any entity or person submitting an EDS. In a transfer of ownership. Illinois law requires sellers to disclose known defects, radon levels, and septic system conditions when selling asis. The Chicago Patrolmen's Federal Credit Union. Disclosure Statement and Agreement for Internet Account Access.