SB3235 regulates real estate data collection in Illinois, requiring licensing for data collectors.
SB3235 amends the Real Estate Appraiser Licensing Act of 2002 to introduce licensing requirements for data collectors. A data collector is defined as someone hired by an appraisal management company or mortgage lender to inspect and collect data and pictures of a specific tract of real estate. The bill makes it unlawful for a person to act as a data collector without a license issued under the Act. Violators face penalties, including a Class A misdemeanor for a first offense and a Class 4 felony for any subsequent offense.
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