92nd General Assembly
Summary of HB5803
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Status
House Sponsors:
MEYER-FRITCHEY-HASSERT.

Senate Sponsors:
DILLARD

Short description: 
VEHICLE AUCTIONEER                                                         

Synopsis of Bill as introduced:
        Amends the Auction License Act.  Provides that nothing in the Act      
   shall be construed to apply to a vehicle auctioneer  licensed  by  the      
   Secretary  of  State  or  to  the  auction  firm engaged in auctioning      
   vehicles.  Effective immediately.                                           
        HOUSE AMENDMENT NO. 1.                                                 
        Deletes amendatory changes and amends the Auction License Act  to      
   provide that an auction license is not required for auctions conducted      
   by an agent of the federal, State, or local government.  Provides that      
   the  Act  does  not  apply  to a licensed new or used vehicle dealer's      
   employee conducting an auction not open to the public  when  the  only      
   buyers are new or used vehicle dealers licensed in Illinois or another      
   jurisdiction.  Effective immediately.                                       
        HOUSE AMENDMENT NO. 2.                                                 
        Deletes amendatory changes and amends the Auction License Act  to      
   provide that an auction license is not required for auctions conducted      
   by an agent of the federal, State, or local government.  Provides that      
   the  Act  does  not  apply  to a licensed new or used vehicle dealer's      
   employee or a licensed autioneer's employee conducting an auction  not      
   open  to  the  public  when  the  only  buyers are new or used vehicle      
   dealers licensed  in  Illinois  or  another  jurisdiction.   Effective      
   immediately.                                                                
        HOUSE AMENDMENT NO. 3.                                                 
          Adds reference to:                                                   
          225 ILCS 407/10-27 new                                               
        Further  amends  the  Auction  License  Act.    Adds   provisions      
   regulating  Internet auction services.  Requires the registration with      
   the Office of Banks and Real Estate of entities that provide  Internet      
   auction  listing  services  for compensation in Illinois.  Establishes      
   criteria and fees for registration.  Provides penalties for failure to      
   comply with the new provisions.  Effective immediately.                     
        SENATE AMENDMENT NO. 1.                                                
        Further amends  the  Auction  License  Act.   Provides  that  the      
   registration  of  Internet auction listing service entities applies to      
   those entities offering services to be performed in Illinois.  Removes      
   the authority  of  the  Office  of  Banks  and  Real  Estate  to  take      
   disciplinary action against an Internet auction listing service entity      
   that  offers  real  estate  for  sale  or  lease  without  a broker or      
   salesperson's license issued under the  Real  Estate  License  Act  of      
   2000.   Adds  provisions  expanding  the  exemptions for certain motor      
   vehicle auctions.                                                           
 
Last action on Bill: PUBLIC ACT.............................. 92-0798

   Last action date: AUG-15-2002

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   3     SENATE -   1


   END OF INQUIRY 



 Full Text  Bill Status