SAVIANO-BURKE-TURNER,ART-TENHOUSE-BUGIELSKI, STROGER AND GRANBERG. (MADIGAN,R-DELEO-BURZYNSKI-HENDON-SULLIVAN) New Act Creates the Real Estate Timeshare Act. Provides for a short title only. HOUSE AMENDMENT NO. 1. Adds reference to: 765 ILCS 100/Act rep. Deletes everything after enacting clause. Creates the Real Estate Timeshare Act of 1999 and repeals the Illinois Real Estate Time-Share Act. Provides for creation of real estate timeshare plans and exchange programs. Provides that the Act shall be administered by the Office of Banks and Real Estate. Requires that persons who sell, offer to sell, or attempt to solicit the purchase of timeshare interests to Illinois residents, or who create timeshare plans with accommodations in Illinois, must register with the Office of Banks and Real Estate. Requires similar registration by exchange companies offering exchange programs to purchasers in Illinois and by resale agents. Imposes standards for operation of timeshare plans and exchange programs. Amends the Real Estate License Act of 2000, if and only if the Act becomes law, to exempt certain exchange companies and timeshare owners from the licensing requirements of the Act. HOUSE AMENDMENT NO. 2. Corrects grammar, usage, terminology, and a cross-reference. SENATE AMENDMENT NO. 1. In the exempt communication provisions, distinguishes between all exempt communications and exempt communications provided they are delivered to any person who has previously executed a contract for the purchase of a timeshare or is an existing owner of a timeshare interest in a timeshare plan. In the cancellation of the purchase contract provisions, changes references to "party" to "purchaser" and a reference to "other party" to "developer or resale agent". 99-02-11 H FIRST READING 99-02-11 H ADDED AS A JOINT SPONSOR BURKE 99-02-11 H ADDED AS A JOINT SPONSOR TURNER,ART 99-02-11 H ADDED AS A JOINT SPONSOR TENHOUSE 99-02-11 H ADDED AS A JOINT SPONSOR BUGIELSKI 99-02-11 H ADDED AS A CO-SPONSOR BRUNSVOLD 99-02-11 H ADDED AS A CO-SPONSOR STROGER 99-02-11 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-17 H ASSIGNED TO COMMITTEE EXECUTIVE 99-02-22 H ADDED AS A CO-SPONSOR GRANBERG 99-02-25 H DO PASS/STANDARD DEBATE 008-007-000 HEXC 99-02-25 H PLACED CAL 2ND READING-STANDARD DEBATE 99-02-26 H RE-COMMITTED TO COMMITTEE EXECUTIVE 99-03-05 H DO PASS/SHORT DEBATE 015-000-000 HEXC 99-03-05 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-03-16 H AMENDMENT NO. 01-SAVIANO 99-03-16 H AMENDMENT REFERRED TO HRUL 99-03-16 H SECOND READING-SHORT DEBATE 99-03-16 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 99-03-22 H AMENDMENT NO. 02-SAVIANO 99-03-22 H AMENDMENT REFERRED TO HRUL 99-03-22 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 99-03-23 H AMENDMENT NO. 01-SAVIANO 99-03-23 H RULES REFERS TO HJUA 99-03-23 H AMENDMENT NO. 02-SAVIANO 99-03-23 H RULES REFERS TO HJUA 99-03-23 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 99-03-24 H AMENDMENT NO. 01-SAVIANO 99-03-24 H RECOMMENDS BE ADOPTED HJUA/010-000-000 99-03-24 H AMENDMENT NO. 02-SAVIANO 99-03-24 H RECOMMENDS BE ADOPTED HJUA/010-000-000 99-03-24 H AMENDMENT NO. 01-SAVIANO 99-03-24 H ADOPTED 99-03-24 H AMENDMENT NO. 02-SAVIANO 99-03-24 H ADOPTED 99-03-24 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-03-25 H THIRD READING/SHORT DEBATE/PASSED 115-000-000 99-03-25 S ARRIVE IN SENATE 99-03-25 S PLACED CALENDAR ORDER OF FIRST READING 99-03-26 99-03-25 S CHIEF SPONSOR MADIGAN,R 99-03-25 S ADDED AS A CHIEF CO-SPONSOR DELEO 99-03-25 S ADDED AS A CHIEF CO-SPONSOR BURZYNSKI 99-03-25 S ADDED AS A CHIEF CO-SPONSOR HENDON 99-03-25 S ADDED AS A CHIEF CO-SPONSOR SULLIVAN 99-03-26 S FIRST READING 99-03-26 S REFERRED TO SENATE RULES COMMITTEE RULES 99-04-14 S ASSIGNED TO COMMITTEE LICENSED ACT. 99-04-22 S AMENDMENT NO. 01-LICENSED ACT. S 99-04-22 S ADOPTED 99-04-22 S DO PASS AS AMENDED 008-000-000 SLIC 99-04-22 S PLACED ON CALENDAR ORDER OF 2ND READING 99-04-26 99-04-28 S SECOND READING 99-04-28 S PLACED ON CALENDAR ORDER OF 3RD READING 99-04-29 99-06-27 S REFER TO RULES/PURSUANT SEN RULE 3-9 (B) RULES SRUL 99-11-04 S APPROVED FOR CONSIDERATION SRUL SRUL 99-11-04 S PLACED ON CALENDAR ORDER OF 3RD READING 99-11-16 99-11-09 S FILED WITH SECRETARY 99-11-09 S AMENDMENT NO. 02-MADIGAN,R 99-11-09 S AMENDMENT REFERRED TO SRUL 99-11-09 S CALENDAR ORDER OF 3RD READING 99-11-16 00-01-02 S REFER TO RULES/PURSUANT SEN RULE 3-9 (B) RULES SRUL 00-01-02 S TABLED PURSUANT TO RULE 5-4(A) SA 02 00-01-02 S COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary