Date	Chamber	Action
1/9/2019	Senate	Session Sine Die

Statutes Amended In Order of Appearance

225 ILCS 454/20-85

225 ILCS 454/20-90

225 ILCS 454/20-100

225 ILCS 454/20-95 rep.

Synopsis As Introduced
Amends the Real Estate License Act of 2000. Removes specified caps for recovery from the Real Estate Recovery Fund and provides that the caps shall be decided by rule. Provides that the Department of Financial and Professional Regulation may expend moneys from the Fund to procure and pay the premium for a bond, insurance, or other indemnity product in amounts to be determined by the Department in order to compensate an aggrieved person for all or part of his or her loss of money due to a violation of the Act or to fund a program of self-insurance in order to compensate an aggrieved person for all or part of his or her loss of money due to a violation of the Act. Removes provisions permitting an aggrieved party to seek a post-judgment order from the Fund and makes related changes. Replaces references to an aggrieved party seeking a judgment to recover from the Fund with references to an aggrieved party filing a claim to recover from the Fund, and makes similar changes. Makes other changes to provisions concerning collection from the Fund. Repeals a provision concerning the Department's power to defend against actions for collection from the Fund. Effective January 1, 2019.

Actions 

Date	Chamber	Action
2/15/2018	Senate	Filed with Secretary by Sen. Chuck Weaver
2/15/2018	Senate	First Reading
2/15/2018	Senate	Referred to Assignments
2/21/2018	Senate	Assigned to Licensed Activities and Pensions
3/1/2018	Senate	Postponed - Licensed Activities and Pensions
4/13/2018	Senate	Rule 3-9(a) / Re-referred to Assignments
1/9/2019	Senate	Session Sine Die

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