(225 ILCS 459/25)
Powers and duties of the Department.
Subject to the provisions of this Act:
(1) The Department may ascertain the
qualifications and fitness of applicants for registration and pass upon the qualifications of applicants for registration.
(2) The Department may conduct hearings on
proceedings to refuse to issue or renew or to revoke registrations or suspend, place on probation, or reprimand persons or otherwise discipline individuals or entities subject to this Act.
(3) The Department may formulate all rules
required for the administration of this Act. With the exception of emergency rules, any proposed rules, amendments, second notice materials, and adopted rule or amendment materials or policy statements concerning appraisal management companies shall be presented to the Real Estate Appraisal Administration and Disciplinary Board for review and comment. The recommendations of the Board shall be presented to the Secretary for consideration in making final decisions.
(4) The Department may maintain rosters of the
names and addresses of all registrants, and all persons whose registrations have been suspended, revoked, or denied renewal for cause within the previous calendar year or otherwise disciplined. These rosters shall be available upon written request and payment of the required fee as established by rule.
(Source: P.A. 97-602, eff. 8-26-11.)