Amends the Appraisal Management Company Registration Act. Creates the Appraisal Management Company Recovery Fund. Provides that upon recommendation of the Board, the Secretary of Financial and Professional Regulation may charge a fee no greater than $500 to be paid at the time of submission of an original application and each renewal application to register as an appraisal management company, and directs those fee to be deposited in the Appraisal Management Company Recovery Fund (AMCRF). Provides that any money remaining in the in the AMCRF at the close of the fiscal year will not lapse, but it shall be carried forward into the succeeding fiscal year. Provides that notwithstanding any other law to the contrary, the AMCRF is not subject to sweeps, administrative charge-backs, or any other fiscal budgetary maneuver that would in any way transfer any amounts from the AMCRF into any other fund of the State. Requires in writing, the approval of the Secretary prior to any funds being paid. Provides specifications for the use of fund money which will be paid to any appraisal management companies who are owed restitution. Repeals provision that a registrant under the Act must maintain a $25,000 bond that may be used only for the recovery of expenses or the collection of fines or fees due to or levied by the Department of Financial and Professional Regulation. Makes other changes. Effective immediately.
Rep. Bob Rita
Sponsored bills
Amends the Real Estate License Act of 2000. Makes a technical change in a Section concerning the short title. House Committee Amendment No. 1 Deletes reference to: 225 ILCS 454/1-1 Adds reference to: 5 ILCS 80/4.30 5 ILCS 80/4.40 new 225 ILCS 454/1-10 225 ILCS 454/5-3 new 225 ILCS 454/5-5 225 ILCS 454/5-7 225 ILCS 454/5-10 225 ILCS 454/5-15 225 ILCS 454/5-20 225 ILCS 454/5-27 225 ILCS 454/5-27.5 new 225 ILCS 454/5-28 225 ILCS 454/5-32 225 ILCS 454/5-35 225 ILCS 454/5-40 225 ILCS 454/5-41 225 ILCS 454/5-45 225 ILCS 454/5-50 225 ILCS 454/5-60 225 ILCS 454/5-70 225 ILCS 454/5-80 225 ILCS 454/10-5 225 ILCS 454/10-15 225 ILCS 454/10-20 225 ILCS 454/10-30 225 ILCS 454/10-45 225 ILCS 454/10-50 new 225 ILCS 454/10-55 new 225 ILCS 454/10-60 new 225 ILCS 454/15-5 225 ILCS 454/15-10 225 ILCS 454/15-25 225 ILCS 454/15-45 225 ILCS 454/15-50 225 ILCS 454/15-65 225 ILCS 454/15-75 225 ILCS 454/20-10 225 ILCS 454/20-20 225 ILCS 454/20-21 225 ILCS 454/20-23 225 ILCS 454/20-25 225 ILCS 454/20-60 225 ILCS 454/20-64 225 ILCS 454/20-65 225 ILCS 454/20-66 225 ILCS 454/20-67 225 ILCS 454/20-68 225 ILCS 454/20-72 225 ILCS 454/20-85 225 ILCS 454/20-90 225 ILCS 454/25-10 225 ILCS 454/25-13 225 ILCS 454/25-14.5 new 225 ILCS 454/25-15 225 ILCS 454/25-25 225 ILCS 454/25-35 225 ILCS 454/30-5 225 ILCS 454/30-15 225 ILCS 454/30-25 225 ILCS 454/10-35 rep. 225 ILCS 454/20-22 rep. 225 ILCS 454/25-37 rep. Replaces everything after the enacting clause. Amends the Regulatory Sunset Act. Extends the repeal date of the Real Estate License Act of 2000 from January 1, 2020 to January 1, 2030. Amends the Real Estate License Act of 2000. Creates a broker associate license and requires a person to be licensed as a broker associate for at least 2 years to be eligible for a broker license. Changes references to "managing broker" to "managing broker licensee". Creates a named managing broker to mean a managing broker licensee who has supervisory responsibilities for licensees in his or her office and who has been appointed by the sponsoring broker. Requires the Department of Financial and Professional Regulation to create an online license information portal. Allows the Department to create a commission to study the creation and use of a mandatory, statewide real estate purchase contract form. Provides duties and responsibilities to the Director of Real Estate. Makes changes to provisions concerning applications and requirements for licensure as a leasing agent, broker, and managing broker licensee; the necessity of a license and owner restrictions; exemptions from licensure; examinations; sponsorship; change of address; offices; expiration and renewal of licenses; licensure in another state; continuing education; payment of compensation; employment agreements; advertising; licensees' relationships with consumers and customers; dual agency; unlicensed practice; grounds for discipline; investigations notice and hearing; surrender of license; recovery and collection from the Real Estate Recovery Fund; the Real Estate Coordinator; the Real Estate Research and Education Fund; and licensing of education providers and instructors. Repeals provisions concerning the Real Estate Audit Fund. Makes other changes. Effective immediately.
Amends the School Code. Requires the State Board of Education to establish a hotline for the purpose of receiving reports on instances of sexual abuse or sexual assault by a licensed educator or any other school employee or volunteer. Provides that the number of the hotline and its anonymous nature must be posted in every school in this State. Requires each school report card to include the most current data possessed by the State Board on the number of allegations of sexual assault or sexual abuse by a licensed educator or any other school district employee or volunteer reported at a school and any pertinent information related to an allegation. Provides that if an employee of a school district or a regional office of education fails to perform a criminal history records check or a check of the Statewide Sex Offender Database or Statewide Murderer and Violent Offender Against Youth Database as required under the Code for an applicant seeking employment with the school district or ignores the results of any of those checks, he or she must be suspended from employment. Amends the Abused and Neglected Child Reporting Act. With regard to the requirement to report to the Department of Children and Family Services a child who may be an abused child or a neglected child, increases the penalty for a person who knowingly and willfully violates the requirement to a Class 4 felony (rather than a Class A misdemeanor) for a first violation and a Class 3 felony (rather than a Class 4 felony) for a second or subsequent violation.
Amends the School Code. Provides that, in addition to any reporting requirements under the Abused and Neglected Child Reporting Act, if a school district employee or volunteer receives a written, electronic, or verbal report alleging sexual abuse or sexual assault of a student by another school district employee or volunteer, the employee or volunteer who received the report must inform the student's parent or guardian, the State Board of Education, the school board, and the local law enforcement agency. Effective immediately.
Amends the Video Gaming Act. Makes a technical change in a Section concerning the short title.
Amends the Retailers' Occupation Tax Act. Provides that if a purchaser makes payment over the phone, in writing, or via the Internet, and the property is delivered to a location in this State, then the sale shall be sourced to the location where the property is delivered. Provides that the sale shall be deemed to have occurred at the customer's address if the property is delivered and the delivery location is unknown. Amends the Counties Code, the Illinois Municipal Code, the Flood Prevention District Act, the Local Mass Transit District Act, and the Regional Transportation Authority Act. Provides that a unit of local government may require a retailer to collect and remit certain use and occupation taxes if the retailer qualifies as a "retailer maintaining a place of business in this State" under certain provisions of the Use Tax Act.
Amends the Environmental Protection Act. Makes a technical change in a Section concerning the short title.
Amends the Illinois Banking Act. Makes a technical change in a Section concerning the short title.
Amends the Real Estate Appraiser Licensing Act of 2002. Provides that it is unlawful for a person to develop a document that reports an opinion of value of real estate or uses the term "appraisal" or "market value" in documenting or reporting an opinion of value of real estate without a license issued under the Act.
Creates the Sports Wagering Act. Contains only a short title provision.