Bill Text: IL HB2434 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the Real Estate Appraiser Licensing Act of 2002. Makes a technical change in a Section concerning legislative intent.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die [HB2434 Detail]
Download: Illinois-2011-HB2434-Introduced.html
| ||||||||||||||||||||
| ||||||||||||||||||||
| ||||||||||||||||||||
| ||||||||||||||||||||
| ||||||||||||||||||||
1 | AN ACT concerning regulation.
| |||||||||||||||||||
2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
| |||||||||||||||||||
4 | Section 5. The Real Estate Appraiser Licensing Act of 2002 | |||||||||||||||||||
5 | is amended by changing Section 1-5 as follows:
| |||||||||||||||||||
6 | (225 ILCS 458/1-5)
| |||||||||||||||||||
7 | (Section scheduled to be repealed on January 1, 2012)
| |||||||||||||||||||
8 | Sec. 1-5. Legislative intent. The
The intent of the General | |||||||||||||||||||
9 | Assembly in
enacting this Act is to
evaluate the competency of | |||||||||||||||||||
10 | persons engaged in the appraisal of real estate in
connection | |||||||||||||||||||
11 | with a federally related transaction and
to license and | |||||||||||||||||||
12 | regulate
those persons for the protection of the public. | |||||||||||||||||||
13 | Additionally, it is the intent
of the General Assembly for
this | |||||||||||||||||||
14 | Act to be consistent with the provisions of Title XI of the | |||||||||||||||||||
15 | federal
Financial Institutions Reform,
Recovery and | |||||||||||||||||||
16 | Enforcement Act of 1989. | |||||||||||||||||||
17 | (Source: P.A. 92-180, eff. 7-1-02.)
|