Illinois Administrative Code › Title 68 - PROFESSIONS AND OCCUPATIONS › Part 1452 - APPRAISAL MANAGEMENT COMPANY REGISTRATION ACT › Section 1452.20 - Application for Original Registration

Current through Register Vol. 48, No. 28, July 12, 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.