Illinois Bond Requirement for Real Estate Appraisal Managment Companies

Category: Uncategorized
Published: Jun 27, 2011
Illinois HB 2956/SB 1539

Under this bill real estate appraisal management companies will be required to register and post a $25,000 surety bond. This will be conditioned upon the compliance with the law. This bond was created to ensure the recovery of expenses, fines or fees due to the Department of Financial and Professional Regulation.

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