Illinois General Assembly - Bill Status for HB5880
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 Bill Status of HB5880  99th General Assembly


Short Description:  APPRAISERS-REGISTRY FEE

House Sponsors
Rep. Robert Rita

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
225 ILCS 459/165


Synopsis As Introduced
Amends the Appraisal Management Company Registration Act. Provides that no appraisal management company may require an appraiser to pay the national registry fee required by the Appraisal Subcommittee of the Federal Financial Institutions Examination Council for a person who is (i) on the appraisal panel of the appraisal management company and (ii) certified as an appraiser in this State.

House Committee Amendment No. 1
Replaces everything after the enacting clause. Reinserts the introduced bill with the following changes: provides that an appraisal management company shall not require an appraiser to pay the specified appraisal management company national registry fee assessed by the Appraisal Subcommittee of the Federal Financial Institutions Examination Council for a person that is certified as an appraiser in this State and is on the appraiser panel of the appraisal management company; require an appraiser to pay any fee directly or indirectly to an appraisal management company or to reimburse an appraisal management company for any costs, fees, or other expenses incurred solely by the appraisal management company as a prerequisite to an appraiser being added to an appraiser panel or as a prerequisite to an appraiser receiving an order for an appraisal from an appraisal management company; or deduct any amount from the reasonable and customary fee paid to an appraiser for any costs, fees, or other expenses incurred solely by the appraisal management company.

 Fiscal Note, House Committee Amendment No. 1 (Housing Development Authority)
 This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence.

 State Mandates Fiscal Note, House Committee Amendment No. 1 (Dept. of Commerce & Economic Opportunity)
 This bill does not create a State mandate.

Actions 
DateChamber Action
  2/11/2016HouseFiled with the Clerk by Rep. Robert Rita
  2/11/2016HouseFirst Reading
  2/11/2016HouseReferred to Rules Committee
  3/23/2016HouseAssigned to Business & Occupational Licenses Committee
  3/28/2016HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Robert Rita
  3/28/2016HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  4/4/2016HouseHouse Committee Amendment No. 1 Rules Refers to Business & Occupational Licenses Committee
  4/5/2016HouseHouse Committee Amendment No. 1 Adopted in Business & Occupational Licenses Committee; by Voice Vote
  4/5/2016HouseDo Pass as Amended / Short Debate Business & Occupational Licenses Committee; 010-000-000
  4/6/2016HousePlaced on Calendar 2nd Reading - Short Debate
  4/14/2016HouseHouse Committee Amendment No. 1 Fiscal Note Requested as Amended by Rep. Ed Sullivan
  4/14/2016HouseHouse Committee Amendment No. 1 State Mandates Fiscal Note Requested as Amended by Rep. Ed Sullivan
  4/15/2016HouseHouse Committee Amendment No. 1 Fiscal Note Filed as Amended
  4/15/2016HouseSecond Reading - Short Debate
  4/15/2016HouseHeld on Calendar Order of Second Reading - Short Debate
  4/19/2016HouseHouse Committee Amendment No. 1 State Mandates Fiscal Note Filed as Amended
  4/22/2016HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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