Sen. Don Harmon

Filed: 5/26/2021





10200HB3714sam001LRB102 03960 CPF 27104 a


2    AMENDMENT NO. ______. Amend House Bill 3714 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The Real Estate Appraiser Licensing Act of
52002 is amended by changing Section 1-5 as follows:
6    (225 ILCS 458/1-5)
7    (Section scheduled to be repealed on January 1, 2022)
8    Sec. 1-5. Legislative intent. The The intent of the
9General Assembly in enacting this Act is to evaluate the
10competency of persons engaged in the appraisal of real estate
11and to license and regulate those persons for the protection
12of the public. Additionally, it is the intent of the General
13Assembly for this Act to be consistent with the provisions of
14Title XI of the federal Financial Institutions Reform,
15Recovery and Enforcement Act of 1989.
16(Source: P.A. 98-1109, eff. 1-1-15.)".