MADIGAN,R-DELEO-BURZYNSKI-HENDON-SULLIVAN. (SAVIANO-BURKE-TURNER,ART-TENHOUSE-BUGIELSKI) New Act Creates the Real Estate Timeshare Act of 1999. Provides for a short title only. SENATE AMENDMENT NO. 1. Adds reference to: 765 ILCS 100/Act rep. Deletes everything after enacting clause. Creates the Real Estate Timeshare Act of 1999 and repeals the Illinois Real Estate Time-Share Act. Provides for creation of real estate timeshare plans and exchange programs. Provides that the Act shall be administered by the Office of Banks and Real Estate. Requires that persons who sell, offer to sell, or attempt to solicit the purchase of timeshare interests to Illinois residents, or who create timeshare plans with accommodations in Illinois, must register with the Office of Banks and Real Estate. Requires similar registration by exchange companies offering exchange programs to purchasers in Illinois and by resale agents. Imposes standards for operation of timeshare plans and exchange programs. Amends the Real Estate License Act of 2000, if and only if the Act becomes law, to exempt certain exchange companies and timeshare owners from the licensing requirements of the Act. SENATE AMENDMENT NO. 2. Corrects grammar, usage, terminology, and a cross-reference. HOUSE AMENDMENT NO. 1. In the exempt communication provisions, distinguishes between all exempt communications and exempt communications provided they are delivered to any person who has previously executed a contract for the purchase of a timeshare or is an existing owner of a timeshare interest in a timeshare plan. In the cancellation of the purchase contract provisions, changes references from "party" to "purchaser" and from "other party" to "developer or resale agent". 99-02-18 S FIRST READING 99-02-18 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-24 S ASSIGNED TO COMMITTEE LICENSED ACT. 99-03-11 S POSTPONED 99-03-18 S AMENDMENT NO. 01-LICENSED ACT. S 99-03-18 S ADOPTED 99-03-18 S DO PASS AS AMENDED 008-000-000 SLIC 99-03-18 S PLACED ON CALENDAR ORDER OF 2ND READING 99-03-19 99-03-22 S SECOND READING 99-03-22 S PLACED ON CALENDAR ORDER OF 3RD READING 99-03-23 99-03-23 S FILED WITH SECRETARY 99-03-23 S AMENDMENT NO. 02-MADIGAN,R 99-03-23 S AMENDMENT REFERRED TO SRUL 99-03-23 S AMENDMENT NO. 02-MADIGAN,R 99-03-23 S BE APPROVED FOR CONSIDERATION SRUL 99-03-23 S RECALLED TO SECOND READING 99-03-23 S AMENDMENT NO. 02-MADIGAN,R 99-03-23 S ADOPTED 99-03-23 S PLACED ON CALENDAR ORDER OF 3RD READING 99-03-24 99-03-25 S THIRD READING - PASSED 058-000-000 99-03-25 H ARRIVE IN HOUSE 99-03-25 H HOUSE SPONSOR SAVIANO 99-03-25 H ADDED AS A JOINT SPONSOR BURKE 99-03-25 H ADDED AS A JOINT SPONSOR TURNER,ART 99-03-25 H ADDED AS A JOINT SPONSOR TENHOUSE 99-03-25 H ADDED AS A JOINT SPONSOR BUGIELSKI 99-03-25 H FIRST READING 99-03-25 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-04-14 H ASSIGNED TO COMMITTEE REG & REG 99-04-22 H AMENDMENT NO. 01-REGIS REGULAT H 99-04-22 H ADOPTED 99-04-22 H DO PASS AMENDED/SHORT DEBATE 015-000-000 HREG 99-04-22 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-04-28 H SECOND READING-SHORT DEBATE 99-04-28 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-05-04 H THIRD READING/SHORT DEBATE/PASSED 113-000-000 99-05-05 S SECRETARYS DESK - CONCURRENCE 01 99-05-12 S FILED WITH SECRETARY 99-05-12 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/MADIGAN,R 99-05-12 S MOTION REFERRED TO SRUL 99-05-18 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/MADIGAN,R 99-05-18 S RULES REFERS TO SLIC 99-05-19 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/MADIGAN,R 99-05-19 S BE ADOPTED SLIC/006-000-000 99-05-19 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/MADIGAN,R 99-05-19 S SEN CONCURS IN HSE AMENDMENTS (NO.) 01/058-001-000 99-05-19 S PASSED BOTH HOUSES 99-06-17 S SENT TO THE GOVERNOR 99-08-14 S GOVERNOR APPROVED 99-08-14 S EFFECTIVE DATE 00-01-01 99-08-14 S PUBLIC ACT.............................. 91-0585 END OF INQUIRY Full Text Bill Summary