Bill Text: IL HB2434 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Amends the Real Estate Appraiser Licensing Act of 2002. Makes a technical change in a Section concerning legislative intent.

Sponsorship: Partisan Bill (Republican 1)

Status: (Failed) 2013-01-08 - Session Sine Die [HB2434 Detail]

Download: Illinois-2011-HB2434-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB2434 Introduced , by Rep. Tom Cross SYNOPSIS AS INTRODUCED:
225 ILCS 458/1-5
Amends the Real Estate Appraiser Licensing Act of 2002. Makes a technical change in a Section concerning legislative intent.
LRB097 07551 CEL 47661 b
A BILL FOR
HB2434 LRB097 07551 CEL 47661 b
AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Real Estate Appraiser Licensing Act of 2002
is amended by changing Section 1-5 as follows:
(225 ILCS 458/1-5)
(Section scheduled to be repealed on January 1, 2012)
Sec. 1-5. Legislative intent. The The intent of the General
Assembly in enacting this Act is to evaluate the competency of
persons engaged in the appraisal of real estate in connection
with a federally related transaction and to license and
regulate those persons for the protection of the public.
Additionally, it is the intent of the General Assembly for this
Act to be consistent with the provisions of Title XI of the
federal Financial Institutions Reform, Recovery and
Enforcement Act of 1989.
(Source: P.A. 92-180, eff. 7-1-02.)