92nd General Assembly
Status of HB2544
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 Full Text  Bill Summary

   New Act                                                                     
   5 ILCS 80/4.18                                                              
   5 ILCS 80/4.22 new                                                          
   225 ILCS 457/Act rep.                                                       

        Creates  the  Real  Estate  Appraiser  Licensing  Act  of   2002.      
   Requires  a  person  to  possess  an  appraiser's  license in order to      
   appraise a home in a federally related  transaction  or  advertise  or      
   hold  himself  or  herself  out  as  an  appraiser.   Creates criminal      
   penalties for practicing without a license when it is  required  in  a      
   federally  related  transaction.     Creates  3 classes of appraisers:      
   general real estate appraiser, residential real estate appraiser,  and      
   associate  real estate appraiser.  Sets out guidelines for application      
   and renewal for each type of appraiser's license.  Requires  licensure      
   of education providers and approval of courses.  Creates the Appraisal      
   Administration  Fund.   Creates  a Real Estate Appraisal Board. Denies      
   home rule powers.  Repeals the Real Estate Appraiser Licensing Act  on      
   July  1,  2002.   Amends the Regulatory Sunset Act.  Effective July 1,      
   FEB-26-2001  H  FILED WITH CLERK                                               
   FEB-27-2001  H  FIRST READING                                                  
   FEB-27-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-28-2001  H  MOTION FILED                             PURSUANT TO HOUSE     
   FEB-28-2001  H                                           RULE 60(B), I MOVE    
   FEB-28-2001  H                                           TO TABLE HB 2544      
   FEB-28-2001  H                                           -SAVIANO              
   FEB-28-2001  H  MOTION PREVAILED                                               
   FEB-28-2001  H  TABLED BY SPONSOR                                      HRUL    


 Full Text  Bill Summary