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Rep. Robert Rita
Filed: 3/28/2016
| | 09900HB5881ham001 | | LRB099 19341 HEP 45923 a |
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1 | | AMENDMENT TO HOUSE BILL 5881
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2 | | AMENDMENT NO. ______. Amend House Bill 5881 by replacing |
3 | | everything after the enacting clause with the following:
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4 | | "Section 5. The Residential Real Property Disclosure Act is |
5 | | amended by adding Article 3.5 as follows: |
6 | | (765 ILCS 77/Art. 3.5 heading new) |
7 | | ARTICLE 3.5 |
8 | | REAL ESTATE APPRAISAL FEES |
9 | | (765 ILCS 77/85 new) |
10 | | Sec. 85. Residential real estate closing documents. In any |
11 | | residential real estate closing document in which real estate |
12 | | appraisal fees are shown, the fee paid to an appraiser shall be |
13 | | shown separately from the fee paid to an appraisal management |
14 | | company. ".
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