Illinois Compiled Statutes 765 ILCS 101 Real Estate Timeshare Act of 1999. Section 15-25

    (765 ILCS 101/15-25)

    Sec. 15-25. Disciplinary action; civil penalty. The Department may refuse to issue or renew any registration, or revoke or suspend any registration or place on probation or administrative supervision, or reprimand any registrant, or impose a civil penalty not to exceed $25,000, for any one or any combination of the following causes:

        (1) A registrant's disregard or violation of any

    provision of this Act or of the rules adopted by the Department to enforce this Act.

        (2) A conviction of the registrant or any principal

    of the registrant of (i) a felony under the laws of any U.S. jurisdiction, (ii) a misdemeanor under the laws of any U.S. jurisdiction if an essential element of the offense is dishonesty, or (iii) a crime under the laws of any U.S. jurisdiction if the crime relates directly to the practice of the profession regulated by this Act.

        (3) A registrant's making any misrepresentation for

    the purpose of obtaining a registration or certificate of registration.

        (4) A registrant's discipline by another U.S.

    jurisdiction, state agency, or foreign nation regarding the practice of the profession regulated by this Act, if at least one of the grounds for the discipline is the same as or substantially equivalent to one of those set forth in this Act.

        (5) A finding by the Department that the registrant,

    after having his or her registration placed on probationary status, has violated the terms of probation.

        (6) A registrant's practicing or attempting to

    practice under a name other than the name as shown on his or her registration or any other legally authorized name.

        (7) A registrant's failure to file a return, or to

    pay the tax, penalty, or interest shown in a filed return, or to pay any final assessment of tax, penalty, or interest, as required by any tax Act administered by the Illinois Department of Revenue, until the requirements of any such tax Act are satisfied.

        (8) A registrant's engaging in dishonorable,

    unethical, or unprofessional conduct of a character likely to deceive, defraud, or harm the public.

        (9) A registrant's aiding or abetting another person

    or persons in disregarding or violating any provision of this Act or of the rules adopted by the Department to enforce this Act.

        (10) Any representation in any document or

    information filed with the Department which is false or misleading.

        (11) A registrant's disseminating or causing to be

    disseminated any false or misleading promotional materials or advertisements in connection with a timeshare plan.

        (12) A registrant's concealing, diverting, or

    disposing of any funds or assets of any person in a manner that impairs the rights of purchasers of timeshare interests in the timeshare plan.

        (13) A registrant's failure to perform any

    stipulation or agreement made to induce the Department to issue an order relating to the timeshare plan.

        (14) A registrant's engaging in any act that

    constitutes a violation of Section 3-102, 3-103, 3-104, or 3-105 of the Illinois Human Rights Act.

        (15) A registrant's failure to provide information

    requested in writing by the Department, within 30 days of the request, either as the result of a formal or informal complaint to the Department or as a result of a random audit conducted by the Department, which would indicate a violation of this Act.

        (16) A registrant's failure to account for or remit

    any escrow funds coming into his or her possession which belonged to others.

        (17) A registrant's failure to make available to

    Department personnel during normal business hours all escrow records and related documents maintained in connection therewith, within 24 hours after a request from the Department personnel.

(Source: P.A. 96-738, eff. 8-25-09.)

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Last modified: February 18, 2015