225 ILCS 407/ Auction License Act.

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225 ILCS 407/Art. 25

(225 ILCS 407/Art. 25 heading) ARTICLE 25.

SCHOOL AND CONTINUING

EDUCATION PROVISIONS(Repealed)(Source: Repealed by P.A. 95-572, eff. 6-1-08.)

225 ILCS 407/20-105

    (225 ILCS 407/20-105)
    (Section scheduled to be repealed on January 1, 2030)
    Sec. 20-105. No private right of action.

Except as otherwise expressly provided for in this Act, nothing in this Act shall be construed to grant to any person a private right of action to enforce the provisions of this Act or the rules adopted under this Act.

(Source: P.A. 102-970, eff. 5-27-22.)

225 ILCS 407/20-110

    (225 ILCS 407/20-110)
    (Section scheduled to be repealed on January 1, 2030)
    Sec. 20-110. Cease and desist orders.

The Department may issue a cease and desist order to a person who engages in activities prohibited by this Act. Any person in violation of a cease and desist order issued by the Department is subject to all of the penalties provided by law.

(Source: P.A. 103-236, eff. 1-1-24.)

225 ILCS 407/20-115

    (225 ILCS 407/20-115)
    (Section scheduled to be repealed on January 1, 2030)
    Sec. 20-115. Statute of limitations.

No action may be taken under this Act against a person or entity licensed under this Act unless the action is commenced within 5 years after the occurrence of the alleged violation. A continuing violation is deemed to have occurred on the date when the circumstances last existed that gave rise to the alleged continuing violation.

(Source: P.A. 103-236, eff. 1-1-24.)

225 ILCS 407/25-110

    (225 ILCS 407/25-110)
    (Section scheduled to be repealed on January 1, 2030)
    Sec. 25-110. Licensing of auction schools.

(a) Only an auction school licensed by the Department may provide the continuing education courses required for licensure under this Act.

(b) An auction school may also provide the course required to obtain the real estate auction certification in Section 5-32 of the Real Estate License Act of 2000. The course shall be approved by the Real Estate Administration and Disciplinary Board pursuant to Section 25-10 of the Real Estate License Act of 2000.

(c) A person or entity seeking to be licensed as an auction school under this Act shall provide satisfactory evidence of the following:

(1) a sound financial base for establishing,

promoting, and delivering the necessary courses;

(2) a sufficient number of qualified instructors;
(3) adequate support personnel to assist with

administrative matters and technical assistance;

(4) a qualified school administrator, who is

responsible for the administration of the school, courses, and the actions of the instructors;

(5) proof of good standing with the Secretary of

State and authority to conduct business in this State; and

(6) any other requirements provided by rule.

(d) All applicants for an auction schools license shall make initial application to the Department in a manner prescribed by the Department and pay the appropriate fee as provided by rule. In addition to any other information required to be contained in the application as prescribed by rule, every application for an original or renewed license shall include the applicant's Taxpayer Identification Number. The term, expiration date, and renewal of an auction schools license shall be established by rule.

(e) An auction school shall provide each successful course participant with a certificate of completion signed by the school administrator. The format and content of the certificate shall be specified by rule.

(f) All auction schools shall provide to the Department a roster of all successful course participants as provided by rule.

(Source: P.A. 103-236, eff. 1-1-24.)

225 ILCS 407/25-115

    (225 ILCS 407/25-115)
    (Section scheduled to be repealed on January 1, 2030)
    Sec. 25-115. Course approval.

(a) Only courses that are approved by the Department and offered by licensed auction schools shall be used to meet the requirements of this Act and rules.

(b) An auction school licensed under this Act may submit courses to the Department for approval. The criteria, requirements, and fees for courses shall be established by rule.

(c) For each course approved, the Department shall issue certification of course approval to the auction school. The term, expiration date, and renewal of a course approval shall be established by rule.

(Source: P.A. 103-236, eff. 1-1-24.)