Illinois Compiled Statutes 765 ILCS 86 Land Sales Registration Act of 1999. Section 15-7

    (765 ILCS 86/15-7)

    (Section scheduled to be repealed on January 1, 2020)

    Sec. 15-7. 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 to the Department in an amount not to exceed $25,000 for each violation as determined by the Department. The civil penalty shall be assessed by the Department in accordance with the provisions of this Act.

    (b) The Department has the authority and power to investigate any and all unregistered activity.

    (c) The civil penalty shall be paid within 60 days after the effective date of the order imposing the civil penalty. The order shall constitute a judgment and may be filed and execution had thereon in the same manner as any judgment from any court of record.

    (d) All moneys collected under this Section shall be deposited into the Real Estate License Administration Fund.

(Source: P.A. 96-855, eff. 12-31-09.)

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Last modified: February 18, 2015