Daily Archives: August 27, 2014

SB3044 (Amendment to the Real Estate Act of 2000) Signed by Governor

ICAP Members,

Illinois Governor Pat Quinn signed Public Act 98-1109 (also known as SB3044) which will be effective January 1, 2015.  Among other things, the act defines BPO’s and CMA’s, specifies their use and what information/disclosures must be included.  The act also makes necessary changes to Illinois Law to be compliant with new federal requirements in 2015.  See the changes at:

http://www.ilga.gov/legislation/publicacts/98/PDF/098-1109.pdf

 

 

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