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Business & Occupational Licenses Committee
Adopted in House Comm. on Mar 10, 2010
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09600HB5868ham001 |
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LRB096 18123 ASK 38257 a |
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| AMENDMENT TO HOUSE BILL 5868
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| AMENDMENT NO. ______. Amend House Bill 5868 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Real Estate Appraiser Licensing Act of 2002 |
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| is amended by changing Section 1-5 as follows:
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| (225 ILCS 458/1-5)
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| (Section scheduled to be repealed on January 1, 2012)
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| Sec. 1-5. Legislative intent. The
The intent of the General |
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| Assembly in
enacting this Act is to
evaluate the competency of |
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| persons engaged in the appraisal of real estate in
connection |
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| with a federally related transaction and
to license and |
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| regulate
those persons for the protection of the public. |
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| Additionally, it is the intent
of the General Assembly for
this |
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| Act to be consistent with the provisions of Title XI of the |
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| federal
Financial Institutions Reform,
Recovery and |
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| Enforcement Act of 1989. |