Illinois Compiled Statutes 225 Professions, Occupations, and Business Operations: Article -

• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 1
  Short title. This Act may be cited as the Appraisal Management Company Registration Act. (Source: P.A. 97-602, eff. 8-26-11.)
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 5
  Findings. The General Assembly finds that: It is the intent of the General Assembly that this Act provide for the regulation of those persons or...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 10
  Definitions. In this Act: "Address of record" means the designated address recorded by the Department in the applicant's or registrant's application file or registration file...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 15
  Exemptions. Nothing in this Act shall apply to any of the following: (1) an agency of the federal, State, county, or municipal government or an...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 20
  Restrictions and limitations. Beginning January 1, 2012, it is unlawful for a person or entity to act or assume to act as an appraisal management...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 25
  Powers and duties of the Department. Subject to the provisions of this Act: (1) The Department may ascertain the qualifications and fitness of applicants for...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 30
  Coordinator of Appraisal Management Company Registration. The Coordinator of Real Estate Appraisal shall serve as the Coordinator of Appraisal Management Company Registration. The Coordinator shall...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 35
  Application for original registration. Applications for original registration shall be made to the Department on forms prescribed by the Department and accompanied by the required...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 40
  Qualifications for registration. (a) The Department may issue a certification of registration to practice under this Act to any applicant who applies to the Department...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 45
  Expiration and renewal of registration. The expiration date and renewal period for each registration shall be set by rule. A registrant whose registration has expired...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 50
  Bonds of registrants. All registrants shall maintain a bond in accordance with this Section. Each bond shall be for the recovery of expenses, fines, or...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 55
  Fees. (a) The fees for the administration and enforcement of this Act, including, but not limited to, original registration, renewal, and restoration fees, shall be...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 60
  Returned checks; fines. Any person who delivers a check or other payment to the Department that is returned to the Department unpaid by the financial...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 65
  Disciplinary actions. (a) The Department may refuse to issue or renew, or may revoke, suspend, place on probation, reprimand, or take other disciplinary or non-disciplinary...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 70
  Injunctive action; cease and desist order. (a) If any person violates the provisions of this Act, the Secretary, in the name of the People of...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 75
  Investigations; notice and hearing. The Department may investigate the actions of any applicant or of any person or persons rendering or offering to render any...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 80
  Record of proceedings; transcript. The Department, at its expense, shall preserve a record of all proceedings at the formal hearing of any case. The notice...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 85
  Subpoenas; depositions; oaths. The Department has the power to subpoena documents, books, records, or other materials and to bring before it any person and to...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 90
  Compelling testimony. Any circuit court, upon application of the Department or designated hearing officer may enter an order requiring the attendance of witnesses and their...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 95
  Findings and recommendations. At the conclusion of the hearing, the designated hearing officer shall present to the Secretary a written report of his or her...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 100
  Hearing officer; rehearing. At the conclusion of the hearing, a copy of the hearing officer's report shall be served upon the applicant or registrant by...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 105
  Secretary; rehearing. Whenever the Secretary believes that substantial justice has not been done in the revocation, suspension, or refusal to issue, restore, or renew a...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 110
  Appointment of a hearing officer. The Secretary has the authority to appoint any attorney licensed to practice law in the State to serve as the...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 115
  Order or certified copy; prima facie proof. An order or certified copy thereof, over the seal of the Department and purporting to be signed by...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 120
  Restoration of suspended or revoked registration. At any time after the successful completion of a term of suspension or revocation of a registration, the Department...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 125
  Surrender of registration. Upon the revocation or suspension of a registration, the registrant shall immediately surrender his or her registration to the Department. If the...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 130
  Summary suspension of a registration. The Secretary may summarily suspend the registration of any registrant under this Act without a hearing, simultaneously with the institution...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 135
  Administrative review; venue. (a) All final administrative decisions of the Department are subject to judicial review under the Administrative Review Law and its rules. The...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 140
  Certifications of record; costs. The Department shall not be required to certify any record to the court, to file an answer in court, or to...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 145
  Violations. Any person who is found to have violated any provision of this Act is guilty of a Class A misdemeanor. On conviction of a...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 150
  Civil penalties. (a) In addition to any other penalty provided by law, any person who violates this Act shall forfeit and pay a civil penalty...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 155
  Consent order. At any point in the proceedings as provided in this Act, both parties may agree to a negotiated consent order. The consent order...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 160
  Business practice provisions; standards of practice. (a) The Department may adopt by rule the Uniform Standards of Professional Appraisal Practice as published from time to...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 165
  Prohibited activities. (a) No person or entity acting in the capacity of an appraisal management company shall improperly influence or attempt to improperly influence the...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 170
  Confidentiality. All information collected by the Department in the course of an examination or investigation of a licensee or applicant, including, but not limited to,...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 175
  Illinois Administrative Procedure Act; application. The Illinois Administrative Procedure Act is expressly adopted and incorporated in this Act as if all of the provisions of...
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 180
  Home rule. The regulation and registration of practice as an appraisal management company are exclusive powers and functions of the State. A home rule unit...
• Illinois Professions, Occupations, and Business Operations: Article -
  Amendatory provisions; text omitted
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 905
  (Amendatory provisions; text omitted). (Source: P.A. 97-602, eff. 8-26-11; text omitted.)
• Illinois Professions, Occupations, and Business Operations: Article -
  Amendatory provisions; text omitted
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 910
  (Amendatory provisions; text omitted). (Source: P.A. 97-602, eff. 8-26-11; text omitted.)
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 915
  The Real Estate Appraiser Licensing Act of 2002 is amended by repealing Section 5-21. (Source: P.A. 97-602, eff. 8-26-11.)
• Illinois Appraisal Management Company Registration Act. - 225 ILCS 459, Section 999
  Effective date. This Act takes effect upon becoming law. (Source: P.A. 97-602, eff. 8-26-11.)

Last modified: February 18, 2015