House Sponsors: SAVIANO-GRANBERG-RYDER-CAPPARELLI-MOORE,EUGENE. Senate Sponsors: DILLARD-MOLARO Short description: REAL EST APPRAISER LIC ACT Synopsis of Bill as introduced: Creates the Real Estate Appraiser Licensing Act to regulate the practice of real estate appraisal through licensing requirements. Repeals Article 2 of the Real Estate License Act of 1983. Amends the Regulatory Agency Sunset Act to sunset the new Act on January 1, 2008. Effective October 1, 1997. HOUSE AMENDMENT NO. 1. Makes technical changes. HOUSE AMENDMENT NO. 2. Deletes reference to: 5 ILCS 80/4.18 new 225 ILCS 455/15 225 ILCS 455/23 225 ILCS 455/Art. 2 rep. Changes the title and deletes everything after the enacting clause except the short title. SENATE AMENDMENT NO. 1. Adds reference to: New Act 5 ILCS 80/4.18 225 ILCS 455/15 from Ch. 111, par. 5815 225 ILCS 455/23 from Ch. 111, par. 5823 225 ILCS 455/Art. 2 rep. Creates the Real Estate Appraiser Licensing Act to provide for the regulation by the Office of Banks and Real Estate of real estate appraisers required in federally related transactions. Amends the Regulatory Agency Sunset Act to sunset the new Act on January 1, 2008. Repeals Article 2 of the Real Estate License Act of 1983, which regulates real estate appraisers. Further amends the Real Estate License Act of 1983 to delete references to that Article 2. Effective July 1, 1998. Last action on Bill: PUBLIC ACT.............................. 90-0571 Last action date: 98-02-06 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 1 END OF INQUIRY Full Text Bill Status