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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ICAP was established in 1994 to be a unified voice for Real Estate Appraisers in the State of Illinois

Posted on August 27, 2014, in Appraisal Practices Board, Illinois Real Estate Appraisal Act, Legislative Alert, Legislative Alerts, The Good Stuff, USPAP. Bookmark the permalink. Leave a comment.

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