(a) In addition to any other penalty provided by law, any person who violates this Act shall forfeit and pay a civil penalty to the Department in an amount not to exceed $25,000 for each violation as determined by the Department. The civil penalty shall be assessed by the Department in accordance with the provisions of this Act. (b) The Department has the authority and power to investigate any and all unregistered activity. (c) The civil penalty shall be paid within 60 days after the effective date of the order imposing the civil penalty. The order shall constitute a judgment and may be filed and execution had thereon in the same manner as any judgment from any court of record. (d) All moneys collected under this Section shall be deposited into the Appraisal Administration Fund.
225 ILCS 459/150
Civil penalties
Known as the Appraisal Management Company Registration Act
The act spans §§ 225-459-1 to 225-459-999 (50 sections).
P.A. 97-602, eff. 8-26-11.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.