Illinois General Assembly - Illinois Compiled Statutes

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Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

225 ILCS 458/1-5

(225 ILCS 458/1-5)

(Section scheduled to be repealed on January 1, 2027)

Sec. 1-5. Legislative intent.

The intent of the General Assembly in
enacting this Act is to
evaluate the competency of persons engaged in the appraisal of real estate and
to license and regulate
those persons for the protection of the public.  Additionally, it is the intent
of the General Assembly for
this Act to be consistent with the provisions of Title XI of the federal
Financial Institutions Reform,
Recovery, and Enforcement Act of 1989.

(Source: P.A. 102-687, eff. 12-17-21.)