225 ILCS 458/25-20

Current through Public Act 103-1052
Section 225 ILCS 458/25-20 - [Section Scheduled to be Repealed 1/1/2027] Department; powers and duties

Department; powers and duties. The Department of Financial and Professional Regulation shall exercise the powers and duties prescribed by the Civil Administrative Code of Illinois for the administration of licensing Acts and shall exercise such other powers and duties as are prescribed by this Act for the administration of this Act. The Department may contract with third parties for services necessary for the proper administration of this Act, including, without limitation, investigators with the proper knowledge, training, and skills to investigate complaints against real estate appraisers.

In addition, the Department may receive federal financial assistance, either directly from the federal government or indirectly through another source, public or private, for the administration of this Act. The Department may also receive transfers, gifts, grants, or donations from any source, public or private, in the form of funds, services, equipment, supplies, or materials. Any funds received pursuant to this Section shall be deposited in the Appraisal Administration Fund unless deposit in a different fund is otherwise mandated and shall be used in accordance with the requirements of the federal financial assistance, gift, grant, or donation for purposes related to the powers and duties of the Department.

The Department shall maintain and update a registry of the names and addresses of all licensees and a listing of disciplinary orders issued pursuant to this Act and shall transmit the registry, along with any national registry fees that may be required, to the entity specified by, and in a manner consistent with, Title XI of the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989.

225 ILCS 458/25-20

Amended by P.A. 102-0687,§ 145, eff. 12/17/2021.
Amended by P.A. 102-0020,§ 80, eff. 1/1/2022.
Amended by P.A. 102-0016,§ 3-100, eff. 6/17/2021.
Amended by P.A. 096-0844,§ 5, eff. 12/23/2009.
P.A. 92-180, eff. 7-1-02.