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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB2434 Introduced 2/18/2011, by Rep. Tom Cross SYNOPSIS AS INTRODUCED:
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Amends the Real Estate Appraiser Licensing Act of 2002. Makes a technical
change in a Section concerning legislative intent.
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| | A BILL FOR |
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| | HB2434 | | LRB097 07551 CEL 47661 b |
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| 1 | | AN ACT concerning regulation.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Real Estate Appraiser Licensing Act of 2002 |
| 5 | | 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| 7 | | (Section scheduled to be repealed on January 1, 2012)
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| 8 | | Sec. 1-5. Legislative intent. The
The intent of the General |
| 9 | | Assembly in
enacting this Act is to
evaluate the competency of |
| 10 | | persons engaged in the appraisal of real estate in
connection |
| 11 | | with a federally related transaction and
to license and |
| 12 | | regulate
those persons for the protection of the public. |
| 13 | | Additionally, it is the intent
of the General Assembly for
this |
| 14 | | Act to be consistent with the provisions of Title XI of the |
| 15 | | federal
Financial Institutions Reform,
Recovery and |
| 16 | | Enforcement Act of 1989. |
| 17 | | (Source: P.A. 92-180, eff. 7-1-02.)
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