Senate Sponsors: DEL VALLE. House Sponsors: SCHOENBERG-GASH-SAVIANO-FEIGENHOLTZ Short description: REAL ESTATE LIC ACT-DISCIPLINE Synopsis of Bill as introduced: Amends the Real Estate License Act of 1983. Provides that the Office of Banks and Real Estate may discipline the holder of a certificate or license for developing valuation conclusions based on the race, color, religion, sex, national origin, ancestry, age, marital status, physical or mental handicap, or unfavorable military discharge of prospective or present owners or occupants of the area of the property being appraised. Requires a licensee to complete 3 hours of course work per year in fair housing/fair lending as part of the continuing education requirement in the Act. SENATE AMENDMENT NO. 1. Deletes reference to: 225 ILCS 455/37.4 Adds reference to: 225 ILCS 455/36.10 225 ILCS 455/36.17 Deletes everything. Amends the Real Estate License Act of 1983. Provides that the Office of Banks and Real Estate shall provide by rule a requirement for course work in fair housing/fair lending to be included in the examination prerequisites and continuing education requirements. Provides that the Office may discipline the holder of a certificate or license for developing valuation conculsions based on the race, color, religion, sex, national origin, ancestry, age, mari- tal status, physical or mental handicap, or unfavorable military dis- charge of prospective or present owners or occupants of the area of the property being appraised. FISCAL NOTE, S-AM 1 (Offices of Banks and Real Estate) The fiscal impact of the bill would be negligible. HOME RULE NOTE SB595, engrossed, fails to preempt home rule authority. STATE MANDATES FISCAL NOTE (DCCA) SB595, engrossed, fails to create a State mandate. Last action on Bill: PUBLIC ACT.............................. 90-0318 Last action date: 97-08-01 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status