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IL SB2805
Bill
Status
7/28/2016
Primary Sponsor
Jason Barickman
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AI Summary
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Increases the Illinois Electronic Recording Commission from 15 to 17 commissioners, adding 2 licensed real estate brokers or managing brokers under the Real Estate License Act of 2000
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Changes the minimum quorum requirement from 8 to 9 commissioners for conducting Commission business
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Specifies that of the 2 newly added real estate broker commissioners, one shall initially serve a 2-year term and one shall serve a 3-year term, to be determined by lot
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Maintains the Commission's authority to adopt standards for electronic recording of real property documents in Illinois and recommend statutory changes to the General Assembly
Legislative Description
REAL PROP ELECTRONIC RECORDING
Last Action
Public Act . . . . . . . . . 99-0662
7/28/2016