2016 Illinois Compiled Statutes
Chapter 765 - PROPERTY
765 ILCS 101/ - Real Estate Timeshare Act of 1999.
Article 20 - Administration



(765 ILCS 101/Art. 20 heading)

Article 20. Administration


(765 ILCS 101/20-5)
Sec. 20-5. Administration of Act. The Department shall exercise the powers and duties prescribed by the Civil Administrative Code of Illinois and shall exercise other powers and duties necessary for effectuating the purposes of this Act. The Department may contract with third parties for services necessary for the proper administration of this Act. The Department has the authority to establish public policies and procedures necessary for the administration of this Act.
(Source: P.A. 96-738, eff. 8-25-09.)


(765 ILCS 101/20-10)
Sec. 20-10. Administrative rules. The Department shall adopt rules for the implementation and enforcement of this Act.
(Source: P.A. 96-738, eff. 8-25-09.)


(765 ILCS 101/20-15)
Sec. 20-15. Real Estate License Administration Fund. All fees collected for registration and for civil penalties pursuant to this Act and administrative rules adopted under this Act shall be deposited into the Real Estate License Administration Fund. The moneys deposited in the Real Estate License Administration Fund shall be appropriated to the Department for expenses for the administration and enforcement of this Act.
(Source: P.A. 96-738, eff. 8-25-09.)


(765 ILCS 101/20-20)
Sec. 20-20. Forms. The Department may prescribe forms and procedures for submitting information to the Department.
(Source: P.A. 96-738, eff. 8-25-09.)


(765 ILCS 101/20-25)
Sec. 20-25. Site inspections. The Department shall thoroughly investigate all matters relating to an application for registration under this Act and may require a personal inspection of any developer, timeshare plan, accommodation, exchange company, or resale company and any offices where any of the foregoing may transact business. All reasonable expenses incurred by the Department in investigating such matters shall be borne by the registrant, and the registrant shall reimburse the Department for those expenses within 30 calendar days of receipt of notice of the expenses from the Department. The Department may require a deposit sufficient to cover the expenses prior to incurring the expenses.
(Source: P.A. 96-738, eff. 8-25-09.)


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