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Sen. Bill Cunningham
Filed: 3/31/2026
| | 10400SB3235sam001 | | LRB104 18759 CCC 35991 a |
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| 1 | | AMENDMENT TO SENATE BILL 3235
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 3235 by replacing |
| 3 | | everything after the enacting clause with the following: |
| 4 | | "Section 5. The Real Estate Appraiser Licensing Act of |
| 5 | | 2002 is amended by adding Section 10-25 as follows: |
| 6 | | (225 ILCS 458/10-25 new) |
| 7 | | Sec. 10-25. Data collection in real estate appraisals. |
| 8 | | (a) In this Section, "data collection" means inspecting |
| 9 | | and collecting data and pictures of a specific tract of real |
| 10 | | estate for an appraisal management company or mortgage lender, |
| 11 | | with the intent that the data and information will be provided |
| 12 | | to an appraiser as the sole basis for preparing an appraisal to |
| 13 | | support a mortgage on the real estate. |
| 14 | | (b) A person must be licensed as an appraiser under this |
| 15 | | Act to be hired by an appraisal management company, mortgage |
| 16 | | lender, or any third party for the sole purpose of data |