Bill Status of HB 5140   100th General Assembly

Short Description:  REAL ESTATE APPRAISERS

House Sponsors
Rep. David A. Welter

Last Action  View All Actions

DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
225 ILCS 458/1-10
225 ILCS 458/5-7 new
225 ILCS 458/5-10
225 ILCS 458/5-15
225 ILCS 458/5-20
225 ILCS 458/5-22
225 ILCS 458/5-25
225 ILCS 458/5-55
225 ILCS 458/20-5
225 ILCS 458/20-10
225 ILCS 459/10
225 ILCS 459/32 new
225 ILCS 459/35
225 ILCS 459/40
225 ILCS 459/55

Synopsis As Introduced
Amends the Real Estate Appraiser Licensing Act of 2002 and Appraisal Management Company Registration Act. Provides that the Secretary of Financial and Professional Regulation may require participation in a third-party, multi-state licensing system for the licensing of certified general real estate appraisers, certified residential real estate appraisers, associate real estate trainee appraisers, and real estate appraisal education providers; and registration of appraisal management companies. Makes corresponding changes in both Acts. Provides that the multi-state licensing system may share regulatory information and maintain records in compliance with the provisions of the Acts. Provides that the multi-state licensing system may charge an applicant an administration fee that shall be paid directly to the system. Defines "multi-state licensing system". In provisions of the Real Estate Appraiser Licensing Act of 2002 concerning criminal history record checks, provides that the Secretary may designate a multi-state licensing system to perform the checks. Effective immediately.

Actions 
DateChamber Action
  2/15/2018HouseFiled with the Clerk by Rep. Sara Wojcicki Jimenez
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  3/7/2018HouseAssigned to Business & Occupational Licenses Committee
  4/10/2018HouseDo Pass / Short Debate Business & Occupational Licenses Committee; 008-000-000
  4/11/2018HousePlaced on Calendar 2nd Reading - Short Debate
  4/19/2018HouseChief Sponsor Changed to Rep. David A. Welter
  4/25/2018HouseSecond Reading - Short Debate
  4/25/2018HouseHeld on Calendar Order of Second Reading - Short Debate
  4/27/2018HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die

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