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Sen. Don Harmon
Filed: 5/26/2021
| | 10200HB3714sam001 | | LRB102 03960 CPF 27104 a |
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| 1 | | AMENDMENT TO HOUSE BILL 3714
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| 2 | | AMENDMENT NO. ______. Amend House Bill 3714 by replacing |
| 3 | | everything after the enacting clause with the following:
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| 4 | | "Section 5. The Real Estate Appraiser Licensing Act of |
| 5 | | 2002 is amended by changing Section 1-5 as follows:
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| 6 | | (225 ILCS 458/1-5)
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| 7 | | (Section scheduled to be repealed on January 1, 2022)
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| 8 | | Sec. 1-5. Legislative intent. The
The intent of the |
| 9 | | General Assembly in
enacting this Act is to
evaluate the |
| 10 | | competency of persons engaged in the appraisal of real estate |
| 11 | | and
to license and regulate
those persons for the protection |
| 12 | | of the public. Additionally, it is the intent
of the General |
| 13 | | Assembly for
this Act to be consistent with the provisions of |
| 14 | | Title XI of the federal
Financial Institutions Reform,
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| 15 | | Recovery and Enforcement Act of 1989. |
| 16 | | (Source: P.A. 98-1109, eff. 1-1-15.)".
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