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AMC Registration Act

Discussion in 'Illinois' started by Brian Weaver, May 29, 2011.

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  1. Brian Weaver

    Brian Weaver Senior Member

    1
    Apr 16, 2005
    Professional Status:
    Gvmt Agency, FNMA, HUD, VA etc.
    State:
    Illinois
    Passed both houses today. Next stop...the Governor's signature. It'll happen within 60 days.
     
  2. AnonApprsr

    AnonApprsr Elite Member

    0
    Jan 21, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Massachusetts
    Congratulations Illinois, and as an American Citizen I thank you Mr. Weaver for your quality public service to your local citizenry.
     
  3. leelansford

    leelansford Elite Member

    45
    Mar 29, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    Good new. Good news, indeed.
     
  4. Suz-E

    Suz-E Senior Member

    0
    Apr 17, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    woohoowoohoowoohoo
     
  5. Tom O'Malley

    Tom O'Malley Sophomore Member

    0
    Jul 10, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    Are Hold Harmless/Indemnify clauses included in this bill?
     
  6. ddnma

    ddnma Junior Member

    0
    Apr 4, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    Be careful what you wish for... I am sure you are aware of unintended consequences of any law... is there a link to it where we can read it?
     
  7. leelansford

    leelansford Elite Member

    45
    Mar 29, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois

    I'll roll the dice and take my chances. :)

    That stated, you will find a link to the bill at the ICAP website (notice posted 5/30).
     
  8. Brian Weaver

    Brian Weaver Senior Member

    1
    Apr 16, 2005
    Professional Status:
    Gvmt Agency, FNMA, HUD, VA etc.
    State:
    Illinois
    Prohibited Activities:

    (8) Requiring an appraiser to sign any sort of indemnification agreement that would require the appraiser to defend and hold harmless the appraisal management company or any of its agents, employees, or independent contractors for any liability, damage, losses, or claims arising out of the services performed by the appraisal management company or its agents, employees, or
    independent contractors and not the services performed by the appraiser.
     
  9. Bill S

    Bill S Junior Member

    1
    Jan 15, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Illinois
    Has the bill been signed by the gov? Is there any language about paying apprisers in a timely manner?
     
  10. leelansford

    leelansford Elite Member

    45
    Mar 29, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    Hang in there re: governor signing the law. Once signed, the announcement will come loud and clear.
     
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