legislative - current updates

Several bills were signed into law by the Governor.  Visit www.ilga.gov to read the details.

  • HB-3671 (Public Act 101-0518) - Assistance Animal Integrity Act - landlords need to read this new law and comply. It addresses how we are to interact with the owners of emotional support or service animals that qualify as a reasonable accommodation under the Federal Fair Housing Act or the Illinois Human Rights Act. 
  • SB-1780  (Public Act 101-0565)  - Amends the Illinois Human Rights Act to prohibit discrimination based on an arrest record, juvenile record, or expunged or sealed record. Along with the Just Housing Ordinance in Chicago, screening procedures will need to change. Thank you to everyone that filled out the witness slips and voiced their opposition to this. The changes take effect 1-2-20.
  • SB-1290  (Public Act 101-0439) - Immigrant Tenant Protection.  Prohibits harassment or threats based on actual or perceived status.

Bad News for Illinois RE Investors

CCIA Meeting Recap - 8/18/19

August 12th, 2019:  Governor Pritzker signed into law Public Act 101-0357 (SB-1872) making a broker's license a requirement for many investors in Illinois and leveling severe penalties as outlined below! 


WHAT YOU CAN DO:

  • WATCH FOR UPDATES - As information becomes available, CCIA will be issuing alerts
  • Don't panic
  • Read the Law - The entire Law... there are other far reaching consequences in this law that will affect ALL real estate investors
  • Talk to your Attorney
  • Talk to your Legislators
  • Express your concern/disgust to the realtors you work with and ask them to talk to the IAR


THE LAW:
ILGA.gov SB-1872  Read the new Law... pay attention to:
Page 4: "Section 1-10 (5) Whether for another or themselves, engages in a pattern of business of buying, selling, offering to buy or sell, marketing for sale, exchanging, or otherwise dealing in contracts, including assignable contracts for the purchase or sale of, or options on real estate or improvements thereon. For purposes of this definition, an individual or entity will be found to have engaged in a pattern of business if the individual or entity by itself or with any combination of other individuals or entities, whether as partners or common owners in another entity, has engaged in one or more of these practices on 2 or more occasions in any 12-month period."

Then, scroll way way down on the full text of the Law...

THE PENALTY:
Page 87 - Sec. 20-10. Unlicensed practice; civil penalty.
a) Any person who practices, offers to practice, attempts to practice, or holds oneself out to practice as a managing broker, broker, or residential leasing agent without being licensed under this Act shall, in addition to any other penalty provided by law, pay a civil penalty to the Department in an amount not to exceed $25,000 for each offense as determined by the Department…


THE VIOLATION:

Page 105 - Sec. 20-22. Violations.

     

Any person who is found working or acting as a managing broker, broker, or residential  leasing agent or holding himself or herself out as a licensed sponsoring broker, managing broker, broker, or residential leasing agent without being issued a valid active existing  license is guilty of a Class A misdemeanor and, on   conviction of a second or subsequent offense, the violator shall be  guilty of a Class 4 felony.

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CCIA Actively Promotes The Legislative Interests of Real Estate Investors & Landlords

Laws  are constantly changing in the real estate industry. We need to stay active on Real Estate Legislation to make sure that we comply with new laws, and work  with legislators to make the laws fair for all sides. 


CCIA promotes a  strong ethical standard in the Real Estate Industry. We work to  make sure that investors and landlords have a voice whenever possible,  promoting fair and balanced legislation. Real Estate Investors need to join and support an association like ours.   Your contribution will allow our association to fight for you to limit  the impact of bad laws and promote more laws that are beneficial laws  for your business.  


CCIA is a Chapter of The National REIA.  National's  legislative council is our advocate in Washington, DC. National REIA  shares information relevant at the state and local level. 


CCIA is also a Founding Member of The Illinois Rental Property Owners Association - IRPOA.  IRPOA's  Political Action Committee is the leading advocate for landlords and  investors in Springfield, and offers a platform for investors in groups  around the state to work on local issues.


VISIT CCIA'S PAGE ON RENT CONTROL


Donate to IRPOA's Lobbyist Fund

NON RENT-CONTROL BILLS WE'RE WORKING ON:


  • OPPOSE: SB-1379 - Property Tax-Income Producing Property - Already on the 2nd reading in the Senate - requires owners of income producing property to provide and Income and Expense Data to county assessor. (Status: Stalled)
  • OPPOSE: HB-2838 - Illinois Wage & Payment & Collection Act - Provides authorization for third  parties owed fringe or other benefits or a joint labor-management  cooperation committee to bring a civil action to enforce liability  against a direct contractor. Waivers of Lien from general contractors are no defense. (Status: Stalled)
  • OPPOSE: HB-2299 - Eviction - Seal & Impound Files (Status Rule 19(a) - stalled)
  • OPPOSE: HB-0926 - Human Rights - Source of Income (Status Rule 19(a) - stalled)
  • OPPOSE: HB2217 - Property Tax-Income Producing Property - It would require income producing property to provide an Income & Expense data sheet annually to the county assessor. (Status Rule 19(a) - stalled)

TAKE ACTION - WHAT SHOULD YOU DO?

Bill Tracking

EPA - Lead laws

Landlords & Renovators... you must be aware of the laws regarding led.  The EPA has an extensive website to guide you.  Lead Safety & Outreach Materials.


CONTRACTORS:  Learn about the RRP Program Requirements & where you can get trained.  Details


Federal Law requires owners of pre-1978 housing to give the "Protect  Your Family From Lead" booklet to prospective tenants before a lease is signed.  Get your Copy Here.

City of Chicago Bed Bug Information

The City of Chicago is committed to providing residents with the best  information to protect themselves from bed bugs.  Go here to find out more information about the ordinance.

2019 Security Deposit Interest Rates

The 2019 Illinois security deposit interest rates remain unchanged at .01%

Illinois Fair Housing

Illinois is one of many states with its own fair housing law. If you're renting your units, your tenants are covered by the Fair Housing Act  or FHA, a federal law that protects both existing tenants and  prospective tenants from illegal housing discrimination. LANDLORDS:  You must be educated on this!  Read More

Property Flipping & FHA Loan Rules - 2018

What do you need to know about property flipping and FHA home loan  rules? The first thing to know is that flipping is addressed in the FHA  loan handbook, HUD 4000.1 and there are measures in place to discourage  the practice!  Read More

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