Illinois Administrative Code
Title 68 - PROFESSIONS AND OCCUPATIONS
Part 1452 - APPRAISAL MANAGEMENT COMPANY REGISTRATION ACT
Section 1452.20 - Application for Original Registration
Universal Citation: 68 IL Admin Code ยง 1452.20
Current through Register Vol. 48, No. 12, March 22, 2024
a) An applicant for registration as an appraisal management company shall, in accordance with Sections 35 and 40 of the Act, file an application with the Division, on forms provided by the Division, on which all questions have been answered, together with the following:
1) Company name, address,
telephone number, e-mail address and other contact information of the principal
office in Illinois where services are provided. A post office box by itself is
not acceptable;
2) If the company
does not maintain a principal office in Illinois, the address, telephone
number, e-mail address and other contact information of its out-of-state office
that has responsibility for its Illinois operations (a post office box by
itself is not acceptable) and the name of the agent for service of
process;
3) The type of business
organization.
A) If a sole proprietorship,
the name of the owner;
B) If a
partnership, a listing of all partners;
C) If a corporation based in Illinois, a copy
of the Articles of Incorporation, a proof of good standing issued by the
Secretary of State or obtained from the Secretary of State's website within the
previous 60 days, and a listing of all persons or business entities and his,
her or its contact information and Illinois appraisal license number, if
applicable, that hold an ownership interest of 10% or more of the company. If
using an assumed name (d/b/a), a copy of the assumed name registration issued
by the Secretary of State. If the corporation is a foreign corporation, a copy
of the Articles of Incorporation and proof of good standing from the state in
which the corporation is domiciled;
D) If a limited liability company, a copy of
the Articles of Organization, proof of good standing issued by the Secretary of
State or obtained from the Secretary of State's website within the previous 60
days, and a listing of the members of the limited liability company and his,
her or its contact information and Illinois appraisal license number, if
applicable, that hold an ownership interest of 10% or more of the
company;
E) If another type of
business entity, the same or similar information, as applicable, to that listed
in this subsection (a);
4) The name, address, telephone number,
e-mail address and other contact information of the designated controlling
person and answers to questions concerning his or her history of convictions
for criminal offenses, denial or discipline of a professional license,
discharge from military or government service, and delinquency on any student
loan, state taxes or child support payments;
5) A signed irrevocable uniform consent to
service of process form provided by the Division;
6) A listing of any other states where the
company is registered, along with the registration number. A registrant shall
have no obligation to update this list after issuance of its
registration;
7) The certifications
required under Section 40 of the Act;
8) The bond required under Section 50 of the
Act and this Part; and
9) The
required fee specified in Section
1452.200.
b) The application shall be signed and dated by the designated controlling person.
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