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IL HB0092

Bill

Official Source

Status

Failed

1/8/2013

Primary Sponsor

LaShawn Ford

Click for details

Origin

House of Representatives

97th General Assembly

AI Summary

  • Amends the Real Estate Appraiser Licensing Act of 2002 by adding Section 10-25
  • Prohibits licensed residential real estate appraisers from using judicial sale prices as comparable sales in appraisals for residential property within 12 months of the judicial sale date
  • Applies to properties sold under Article XV of the Code of Civil Procedure
  • Sunsets after 5 years from the effective date

Legislative Description

REAL ESTATE APPRAISER LIC-SALE

Last Action

Session Sine Die

1/8/2013

Committee Referrals

Rules3/9/2012
Judiciary I - Civil Law2/27/2012
Rules3/17/2011
Judiciary I - Civil Law2/8/2011
Rules1/12/2011

Full Bill Text

No bill text available