(225 ILCS 458/30-5)
(Section scheduled to be repealed on January 1, 2027)
Sec. 30-5. Savings provisions.
(a) This Act is intended to replace the Real Estate Appraiser Licensing Act
in all respects.
(b) Beginning July 1, 2002, the rights, powers, and duties exercised by
the
Office of Banks and Real
Estate under the Real Estate Appraiser Licensing Act shall continue to be
vested in, to be the obligation of,
and to be exercised by the Division of Real Estate of the Department of Financial and Professional Regulation under the provisions
of this Act.
(c) This Act does not affect any act done, ratified, or cancelled, any
right occurring or established,
or any action or proceeding commenced in an administrative, civil, or criminal
cause before July
1, 2002 by the Office of Banks and Real Estate under the Real Estate Appraiser
Licensing Act. Those
actions or proceedings may be prosecuted and continued by the Division of Real Estate of the Department of Financial and Professional Regulation under
this Act.
(d) This Act does not affect any license, certificate, permit, or other form
of licensure
issued by the Office of Banks and Real Estate under the Real Estate Appraiser
Licensing Act, except as provided is subsection (c) of Section 5-25. All such
licenses, certificates, permits, or other form of licensure
shall continue to be valid under
the terms and conditions of this Act.
(e) The rules adopted by the Office of Banks and Real Estate relating to the
Real Estate Appraiser
Licensing Act, unless inconsistent with the provisions of this Act, are not
affected by this Act, and on
July 1, 2002, those rules become rules under this Act.
(f) This Act does not affect any discipline, suspension, or termination
that has occurred under the
Real Estate Appraiser Licensing Act or other predecessor Act. Any action for
discipline, suspension, or
termination instituted under the Real Estate Appraiser Licensing Act shall be
continued under this Act.
(Source: P.A. 102-20, eff. 1-1-22.)
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