Illinois General Assembly - Bill Status for HB5140

Illinois General Assembly - Bill Status for HB5140

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Bill Status of HB5140 100th General Assembly

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Short Description: REAL ESTATE APPRAISERS

House Sponsors
Rep. David A. Welter

Last Action

Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

225 ILCS 458/1-10

225 ILCS 458/5-7 new

225 ILCS 458/5-10

225 ILCS 458/5-15

225 ILCS 458/5-20

225 ILCS 458/5-22

225 ILCS 458/5-25

225 ILCS 458/5-55

225 ILCS 458/20-5

225 ILCS 458/20-10

225 ILCS 459/10

225 ILCS 459/32 new

225 ILCS 459/35

225 ILCS 459/40

225 ILCS 459/55

Synopsis As Introduced
Amends the Real Estate Appraiser Licensing Act of 2002 and Appraisal Management Company Registration Act. Provides that the Secretary of Financial and Professional Regulation may require participation in a third-party, multi-state licensing system for the licensing of certified general real estate appraisers, certified residential real estate appraisers, associate real estate trainee appraisers, and real estate appraisal education providers; and registration of appraisal management companies. Makes corresponding changes in both Acts. Provides that the multi-state licensing system may share regulatory information and maintain records in compliance with the provisions of the Acts. Provides that the multi-state licensing system may charge an applicant an administration fee that shall be paid directly to the system. Defines "multi-state licensing system". In provisions of the Real Estate Appraiser Licensing Act of 2002 concerning criminal history record checks, provides that the Secretary may designate a multi-state licensing system to perform the checks. Effective immediately.

Actions

Date	Chamber	Action
2/15/2018	House	Filed with the Clerk by Rep. Sara Wojcicki Jimenez
2/16/2018	House	First Reading
2/16/2018	House	Referred to Rules Committee
3/7/2018	House	Assigned to Business & Occupational Licenses Committee
4/10/2018	House	Do Pass / Short Debate Business & Occupational Licenses Committee; 008-000-000
4/11/2018	House	Placed on Calendar 2nd Reading - Short Debate
4/19/2018	House	Chief Sponsor Changed to Rep. David A. Welter
4/25/2018	House	Second Reading - Short Debate
4/25/2018	House	Held on Calendar Order of Second Reading - Short Debate
4/27/2018	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2019	House	Session Sine Die