225 ILCS 456/ Real Estate Regulation Transfer Act. (Repealed by P.A. 102-970)

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225 ILCS 456/1

(225 ILCS 456/1)

Sec. 1.

Short title.

This Act may be cited as the Real Estate Regulation Transfer Act.

(Source: P.A. 89-23, eff. 7-1-95.)

225 ILCS 456/5

(225 ILCS 456/5)

Sec. 5. Transfer of powers.

(a) On July 1, 1995, All the rights, powers, and duties vested by the
Real Estate License Act of 1983, the Land Sales Registration Act of 1989, and
the Illinois Real Estate Time-Share Act in the Department of Professional
Regulation shall be transferred to the Office of the Commissioner of Savings
and Residential Finance to be hereafter known as the Office of the Commissioner
of Savings, Real Estate Professions, and Mortgage
Finance.  Wherever, in the Real Estate License Act of 1983, the Land Sales
Registration Act of 1989, or the Illinois Real Estate Time-Share Act, there is
a reference to the Department of Professional Regulation or to an officer,
employee, or agent of the Illinois Department of Professional Regulation, that
reference, beginning July 1, 1995, means the Office of the Commissioner of
Savings, Real Estate Professions, and Mortgage Finance or an officer, employee,
or agent of the Office of the Commissioner of Savings, Real Estate Professions,
and Mortgage Finance.

(b) All books, records, property (real and personal), pending business,
and funds pertaining to the rights, powers, and duties transferred from the
Department of Professional Regulation under this Act and in the custody of the
Department of Professional Regulation on July 1, 1995 shall be delivered and
transferred to the Office of the Commissioner of
Savings, Real Estate Professions, and Mortgage Finance.
All officers and employees of the Department of Professional Regulation on July
1, 1995 who devoted substantially all of their time to tasks performed in
connection with the Real Estate License Act of 1983, the Land Sales
Registration Act of 1989, or the Illinois Real Estate Time-Share Act shall on
that date become officers and employees of the Office of the
Commissioner of Savings, Real Estate Professions, and Mortgage Finance.
Notwithstanding the
preceding sentence, no rights of State employees under the Personnel Code, the
Illinois Pension Code or any pension, retirement, or annuity plan, or any
collective bargaining agreement or other contract or agreement are affected by
the transfer of rights, powers, and duties under this Act.

(c) The provisions of subsections (a) and (b) of this Section are
superseded by the applicable transfer and savings provisions of the Division of Banking Act.

(Source: P.A. 96-1365, eff. 7-28-10.)

225 ILCS 456/10

(225 ILCS 456/10)

Sec. 10. Savings provisions.

(a) Beginning July 1, 1995, the rights, powers, and duties transferred
by this Act to the Office of the Commissioner of
Savings, Real Estate
Professions, and Mortgage Finance shall be vested in and
shall be exercised by
the Office of the Commissioner of Savings, Real Estate
Professions, and
Mortgage Finance subject to the provisions of this Act.  Each act done in
exercise of those rights, powers, and the duties shall have the same legal
effect as if done by the Department of Professional Regulation.

(b) Beginning July 1, 1995, every person, corporation, or other entity shall
be subject to the same obligations and duties and any penalties, civil or
criminal, arising from those obligations and duties, and shall have the same
rights arising from the exercise of rights, powers, and duties by the Office
of the Commissioner of Savings, Real Estate
Professions, and Mortgage Finance
as if those rights, powers, and duties have been exercised by the Department of
Professional Regulation or an officer, employee, or
agent of the Department of Professional Regulation.

(c) Beginning July 1, 1995, every officer and employee of the Office of
the Commissioner of Savings, Real Estate Professions, and
Mortgage Finance shall, for any offense, be subject to the same
penalty or penalties, civil or criminal, as are prescribed by existing law for
the same offense by any officer or employee of the Department of Professional
Regulation whose powers or duties were transferred under this Act.

(d) Whenever reports or notices are now required to be made or given or
papers or documents furnished or served by any person to or upon the Department
of Professional Regulation in relation to the powers or duties transferred by
this Act, those reports or notices shall, on and after July
1, 1995, be made, given, furnished, or served in the same manner to or upon the
Office of the Commissioner of Savings, Real
Estate Professions, and Mortgage Finance.

(e) This Act does not affect any act done, ratified, or cancelled, or any
right occurring or established, or any action or proceeding had or commenced in
an administrative, civil, or criminal cause before July 1, 1995, by the
Department of Professional Regulation under the Real Estate License Act of
1983, the Land Sales Registration Act of 1989, or the Illinois Real Estate
Time-Share Act, and those actions or proceedings may be prosecuted and
continued by the Office of the Commissioner of
Savings, Real Estate Professions, and Mortgage Finance.

(f) This Act does affect any license, certificate, permit, or other form
of licensure or authorization issued by the Department of Professional
Regulation in the exercise of a right, power, or duty that has been transferred
to the Office of the Commissioner of Savings,
Real Estate Professions, and
Mortgage Finance under this Act and all such licenses, certificates, permits,
or other form of licensure or authorization shall continue to be valid under
the terms and conditions of the Acts under which they were issued or granted
and shall become those of the Office of the
Commissioner of Savings, Real Estate Professions, and Mortgage Finance.

(g) The rules adopted by the Department of Professional Regulation relating
to the powers and or duties transferred to the Office of
the Commissioner of Savings, Real Estate
Professions, and Mortgage Finance
under this Act are not affected by this Act, except that on July 1, 1995, those
rules become the rules of the Office of the
Commissioner of Savings, Real Estate Professions, and Mortgage Finance.

(h) The provisions of subsections (a) through (g) of this Section are
superseded by the applicable transfer and savings provisions of the Division of Banking Act.

(Source: P.A. 96-1365, eff. 7-28-10.)

225 ILCS 456/15

(225 ILCS 456/15)

Sec. 15. Transfer of appropriations.

Appropriations to the
Department of Professional Regulation from the Real Estate License
Administration Fund and the Real Estate Appraisal Administration Fund for State
fiscal year 1996 for the purpose of administering and enforcing the Real Estate
License Act of 1983, the Land Sales Registration Act of 1989, and the Illinois
Real Estate Time-Share Act shall be transferred to the Office of the
Commissioner of Savings, Real Estate Professions, and Mortgage Finance to be
used to conduct those same activities for that fiscal year.

The other provisions of this Section are superseded by the applicable
transfer provisions of the Division of Banking Act.

(Source: P.A. 96-1365, eff. 7-28-10.)

225 ILCS 456/20

(225 ILCS 456/20)

Sec. 20.

(Amendatory provisions; text omitted).

(Source: P.A. 89-23, eff. 7-1-95.)

225 ILCS 456/25

(225 ILCS 456/25)

Sec. 25.

(Amendatory provisions; text omitted).

(Source: P.A. 89-23, eff. 7-1-95.)

225 ILCS 456/30

(225 ILCS 456/30)

Sec. 30.

(Amendatory provisions; text omitted).

(Source: P.A. 89-23, eff. 7-1-95.)

225 ILCS 456/35

(225 ILCS 456/35)

Sec. 35.

(Amendatory provisions; text omitted).

(Source: P.A. 89-23, eff. 7-1-95.)

225 ILCS 456/99

(225 ILCS 456/99)

Sec. 99.

Effective date.

This Act takes effect July 1, 1995.

(Source: P.A. 89-23, eff. 7-1-95.)