IL HB5868 | 2009-2010 | 96th General Assembly

Status

Spectrum: Bipartisan Bill
Status: Engrossed on March 26 2010 - 50% progression, died in committee
Action: 2010-05-07 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Engrossed) [HTML]

Summary

Amends the Real Estate Appraiser Licensing Act of 2002. Provides for the licensure of appraisal companies under the Act. Provides that the Department of Financial and Professional Regulation shall adopt by rule standards for the licensure of appraisal companies and charge a licensing fee not to exceed $50. Provides conditions for licensure as a real estate appraiser or appraisal company for corporations and partnerships. Prohibits the licensure of limited liability companies. Provides conditional exemptions from the Act to certain persons and entities. Provides criminal penalties for engaging in certain activities without a license as a real estate appraiser or appraisal company. Prohibits certain means of influencing an appraisal. Provides requirements for appraisers concerning the maintenance of a place of business within the State. Specifies that the Board has the power to investigate the actions of a licensee or applicant. Defines "appraisal company", "appraisal management company", "managing appraiser", "turnaround time", and "due date"; requires due dates to be calculated on Central Standard (rather than Daylight Savings) Time. Makes other changes.

Tracking Information

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Title

REAL ESTATE APPRAISAL COMPANY

Sponsors


Roll Calls

2010-03-26 - House - Third Reading in House (Y: 79 N: 23 NV: 5 Abs: 0) [PASS]

History

DateChamberAction
2010-05-07 Rule 3-9(a) / Re-referred to Assignments
2010-05-07 Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2010-04-29 Postponed - Financial Institutions
2010-04-29 Senate Committee Amendment No. 1 Postponed - Financial Institutions
2010-04-26 Added as Alternate Co-Sponsor Sen. A. J. Wilhelmi
2010-04-23 Rule 2-10 Committee Deadline Established As May 7, 2010
2010-04-22 Postponed - Financial Institutions
2010-04-22 Senate Committee Amendment No. 1 Postponed - Financial Institutions
2010-04-20 Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
2010-04-15 Senate Committee Amendment No. 1 Referred to Assignments
2010-04-15 Senate Committee Amendment No. 1 Filed with Secretary by Sen. Terry Link
2010-04-15 Postponed - Financial Institutions
2010-04-13 Added as Alternate Chief Co-Sponsor Sen. Iris Y. Martinez
2010-04-08 Added as Alternate Chief Co-Sponsor Sen. M. Maggie Crotty
2010-04-06 Assigned to Financial Institutions
2010-04-06 Referred to Assignments
2010-04-06 First Reading
2010-04-06 Added as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff
2010-04-06 Chief Senate Sponsor Sen. Terry Link
2010-04-06 Placed on Calendar Order of First Reading
2010-04-06 Arrive in Senate
2010-03-26 Third Reading - Short Debate - Passed 079-023-000
2010-03-25 Placed on Calendar Order of 3rd Reading - Short Debate
2010-03-25 House Floor Amendment No. 3 Adopted by Voice Vote
2010-03-25 House Floor Amendment No. 2 Adopted by Voice Vote
2010-03-25 Second Reading - Short Debate
2010-03-25 Added Co-Sponsor Rep. Rosemary Mulligan
2010-03-25 House Floor Amendment No. 3 Recommends Be Adopted Business & Occupational Licenses Committee; 012-000-000
2010-03-25 House Floor Amendment No. 2 Recommends Be Adopted Business & Occupational Licenses Committee; 012-000-000
2010-03-24 Added Chief Co-Sponsor Rep. Jim Durkin
2010-03-24 Added Chief Co-Sponsor Rep. William Davis
2010-03-24 House Floor Amendment No. 3 Rules Refers to Business & Occupational Licenses Committee
2010-03-24 House Floor Amendment No. 2 Rules Refers to Business & Occupational Licenses Committee
2010-03-23 Added Chief Co-Sponsor Rep. Karen May
2010-03-22 Added Chief Co-Sponsor Rep. Kevin A. McCarthy
2010-03-22 Added Co-Sponsor Rep. Sara Feigenholtz
2010-03-22 House Floor Amendment No. 3 Referred to Rules Committee
2010-03-22 House Floor Amendment No. 3 Filed with Clerk by Rep. Angelo Saviano
2010-03-19 House Floor Amendment No. 2 Referred to Rules Committee
2010-03-19 House Floor Amendment No. 2 Filed with Clerk by Rep. Angelo Saviano
2010-03-10 Placed on Calendar 2nd Reading - Short Debate
2010-03-10 Do Pass as Amended / Short Debate Business & Occupational Licenses Committee; 009-000-000
2010-03-10 House Committee Amendment No. 1 Adopted in Business & Occupational Licenses Committee; by Voice Vote
2010-03-10 House Committee Amendment No. 1 Filed with Clerk by Business & Occupational Licenses Committee
2010-02-16 Assigned to Business & Occupational Licenses Committee
2010-02-10 Referred to Rules Committee
2010-02-10 First Reading
2010-02-10 Filed with the Clerk by Rep. Angelo Saviano

Illinois State Sources


Bill Comments

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