Section 1455.205  Record Keeping Requirements

Licensees must retain any and all communication with the client, including but not limited to the written, oral or electronic form of an appraisal, appraisal review or appraisal service, including digital images, that are transmitted to the client upon completion of an assignment, as well as their work-file, for a period of at least five years, or at least two years after final disposition of any administrative or judicial proceeding in which the appraiser provided testimony related to the assignment, whichever period expires last.

(Source:  Amended at 48 Ill. Reg. 14553, effective September 24, 2024)