[225 ILCS 454/Art. 20 heading]
ARTICLE 20.
DISCIPLINARY PROVISIONS
[225 ILCS 454/20‑5]
[Section scheduled to be repealed on January 1, 2010]
Sec. 20‑5.
Index of decisions.
OBRE shall maintain an index of formal decisions regarding the issuance,
refusal to issue, renewal,
refusal to renew, revocation, and suspension of licenses and probationary or
other disciplinary
action taken under this Act on or after December 31, 1999. The decisions shall
be
indexed according to the
Sections of statutes and the administrative rules, if any, that are the basis
for the decision. The
index shall be available to the public during regular business hours.
[Source: P.A. 91‑245, eff. 12‑31‑99.]
[225 ILCS 454/20‑10]
[Section scheduled to be repealed on January 1, 2010]
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 real estate broker, real estate salesperson, or leasing agent
without being licensed under
this Act shall, in addition to any other penalty provided by law, pay a civil
fine to OBRE in an
amount not to exceed $25,000 for each offense as determined by OBRE. The civil
fine shall be
assessed by OBRE after a hearing is held in accordance with the provisions set
forth in this Act
regarding the provision of a hearing for the discipline of a license.
[b] OBRE has the authority and power to investigate any and all unlicensed
activity.
[c] The civil fine shall be paid within 60 days after the effective date of
the order imposing the
civil fine. The order shall constitute a judgement and may be filed and
execution had thereon in the
same manner from any court of record.
[Source: P.A. 91‑245, eff. 12‑31‑99.]
[225 ILCS 454/20‑15]
[Section scheduled to be repealed on January 1, 2010]
Sec. 20‑15.
Violations.
The commission of a single act prohibited by this Act or prohibited by the
rules promulgated under
this Act or a violation of a disciplinary order issued under this Act
constitutes a violation of this
Act.
[Source: P.A. 91‑245, eff. 12‑31‑99.]
[225 ILCS 454/20‑20]
[Section scheduled to be repealed on January 1, 2010]
Sec. 20‑20. Disciplinary actions; causes. OBRE may refuse to issue or renew a license, may place on probation, suspend,
or
revoke any
license, or may censure, reprimand, or otherwise discipline or impose a civil
fine not to exceed
$25,000 upon any licensee hereunder for any one or any combination of the
following causes:
[a] When the applicant or licensee has, by false or fraudulent
representation,
obtained or sought to obtain a license.
[b] When the applicant or licensee has been convicted of any crime, an
essential element of which is dishonesty or fraud or larceny, embezzlement,
or obtaining money, property, or credit by false pretenses or by means of a
confidence
game, has been convicted in this or another state of a crime that is a felony
under
the laws of this State, or has been convicted of a felony in a federal court.
[c] When the applicant or licensee has been adjudged to be a person under
legal
disability or subject to involuntary admission or to meet the standard for
judicial
admission as provided in the Mental Health and Developmental Disabilities Code.
[d] When the licensee performs or attempts to perform any act as a broker
or
salesperson in a retail sales establishment from an office, desk, or space that
is not
separated from the main retail business by a separate and distinct area within
the
establishment.
[e] Discipline of a licensee by another state, the District of Columbia,
a territory,
a foreign nation, a governmental agency, or any other entity authorized to
impose
discipline if at least one of the grounds for that discipline is the same as or
the
equivalent of one of the grounds for discipline set forth in this Act, in which
case the
only issue will be whether one of the grounds for that discipline is the same
or
equivalent to one of the grounds for discipline under this Act.
[f] When the applicant or licensee has engaged in real estate activity
without a
license or after the licensee's license was expired or while the license was
inoperative.
[g] When the applicant or licensee attempts to subvert or cheat on the Real
Estate License Exam or continuing education exam or aids and abets an applicant
to
subvert or cheat on the Real Estate License Exam or continuing education exam
administered pursuant to this Act.
[h] When the licensee in performing, attempting to perform, or pretending to
perform any act as a broker, salesperson, or leasing agent or when the
licensee in
handling his or her own property, whether held by deed, option, or otherwise,
is
found
guilty of:
[1] Making any substantial misrepresentation or
untruthful advertising. |
[2] Making any false promises of a character likely
to influence, persuade, or induce. |
[3] Pursuing a continued and flagrant course of
misrepresentation or the making of false promises through licensees, employees, agents, advertising, or otherwise. |
[4] Any misleading or untruthful advertising, or
using any trade name or insignia of membership in any real estate organization of which the licensee is not a member. |
[5] Acting for more than one party in a transaction
without providing written notice to all parties for whom the licensee acts. |
[6] Representing or attempting to represent a broker
other than the sponsoring broker. |
[7] Failure to account for or to remit any moneys or
documents coming into his or her possession that belong to others. |
[8] Failure to maintain and deposit in a special
account, separate and apart from personal and other business accounts, all escrow moneys belonging to others entrusted to a licensee while acting as a real estate broker, escrow agent, or temporary custodian of the funds of others or failure to maintain all escrow moneys on deposit in the account until the transactions are consummated or terminated, except to the extent that the moneys, or any part thereof, shall be disbursed prior to the consummation or termination in accordance with [i] the written direction of the principals to the transaction or their duly authorized agents, [ii] directions providing for the release, payment, or distribution of escrow moneys contained in any written contract signed by the principals to the transaction or their duly authorized agents, or [iii] pursuant to an order of a court of competent jurisdiction. The account shall be noninterest bearing, unless the character of the deposit is such that payment of interest thereon is otherwise required by law or unless the principals to the transaction specifically require, in writing, that the deposit be placed in an interest bearing account. |
[9] Failure to make available to the real estate
enforcement personnel of OBRE during normal business hours all escrow records and related documents maintained in connection with the practice of real estate within 24 hours of a request for those documents by OBRE personnel. |
[10] Failing to furnish copies upon request of all
documents relating to a real estate transaction to all parties executing them. |
[11] Failure of a sponsoring broker to timely
provide information, sponsor cards, or termination of licenses to OBRE. |
[12] Engaging in dishonorable, unethical, or
unprofessional conduct of a character likely to deceive, defraud, or harm the public. |
[13] Commingling the money or property of others
with his or her own. |
[14] Employing any person on a purely temporary or
single deal basis as a means of evading the law regarding payment of commission to nonlicensees on some contemplated transactions. |
[15] Permitting the use of his or her license as a
broker to enable a salesperson or unlicensed person to operate a real estate business without actual participation therein and control thereof by the broker. |
[16] Any other conduct, whether of the same or a
different character from that specified in this Section, that constitutes dishonest dealing. |
[17] Displaying a "for rent" or "for sale" sign on
any property without the written consent of an owner or his or her duly authorized agent or advertising by any means that any property is for sale or for rent without the written consent of the owner or his or her authorized agent. |
[18] Failing to provide information requested by
OBRE, within 30 days of the request, either as the result of a formal or informal complaint to OBRE or as a result of a random audit conducted by OBRE, which would indicate a violation of this Act. |
[19] Advertising by means of a blind advertisement,
except as otherwise permitted in Section 10‑30 of this Act. |
[20] Offering guaranteed sales plans, as defined in
clause [A] of this subdivision [20], except to the extent hereinafter set forth: |
[A] A "guaranteed sales plan" is any real estate
purchase or sales plan whereby a licensee enters into a conditional or unconditional written contract with a seller by the terms of which a licensee agrees to purchase a property of the seller within a specified period of time at a specific price in the event the property is not sold in accordance with the terms of a listing contract between the sponsoring broker and the seller or on other terms acceptable to the seller. |
[B] A licensee offering a guaranteed sales plan
shall provide the details and conditions of the plan in writing to the party to whom the plan is offered. |
[C] A licensee offering a guaranteed sales plan
shall provide to the party to whom the plan is offered evidence of sufficient financial resources to satisfy the commitment to purchase undertaken by the broker in the plan. |
[D] Any licensee offering a guaranteed sales
plan shall undertake to market the property of the seller subject to the plan in the same manner in which the broker would market any other property, unless the agreement with the seller provides otherwise. |
[E] Any licensee who fails to perform on a
guaranteed sales plan in strict accordance with its terms shall be subject to all the penalties provided in this Act for violations thereof and, in addition, shall be subject to a civil fine payable to the party injured by the default in an amount of up to $25,000. |
[21] Influencing or attempting to influence, by any
words or acts, a prospective seller, purchaser, occupant, landlord, or tenant of real estate, in connection with viewing, buying, or leasing real estate, so as to promote or tend to promote the continuance or maintenance of racially and religiously segregated housing or so as to retard, obstruct, or discourage racially integrated housing on or in any street, block, neighborhood, or community. |
[22] Engaging in any act that constitutes a
violation of any provision of Article 3 of the Illinois Human Rights Act, whether or not a complaint has been filed with or adjudicated by the Human Rights Commission. |
[23] Inducing any party to a contract of sale or
lease or brokerage agreement to break the contract of sale or lease or brokerage agreement for the purpose of substituting, in lieu thereof, a new contract for sale or lease or brokerage agreement with a third party. |
[24] Negotiating a sale, exchange, or lease of real
estate directly with any person if the licensee knows that the person has a written exclusive brokerage agreement with another broker, unless specifically authorized by that broker. |
[25] When a licensee is also an attorney, acting as
the attorney for either the buyer or the seller in the same transaction in which the licensee is acting or has acted as a broker or salesperson. |
[26] Advertising or offering merchandise or services
as free if any conditions or obligations necessary for receiving the merchandise or services are not disclosed in the same advertisement or offer. These conditions or obligations include without limitation the requirement that the recipient attend a promotional activity or visit a real estate site. As used in this subdivision [26], "free" includes terms such as "award", "prize", "no charge", "free of charge", "without charge", and similar words or phrases that reasonably lead a person to believe that he or she may receive or has been selected to receive something of value, without any conditions or obligations on the part of the recipient. |
[27] Disregarding or violating any provision of the
Land Sales Registration Act of 1989, the Illinois Real Estate Time‑Share Act, or the published rules promulgated by OBRE to enforce those Acts. |
[28] Violating the terms of a disciplinary order
issued by OBRE. |
[29] Paying compensation in violation of Article 10
of this Act. |
[30] Requiring a party to a transaction who is not a
client of the licensee to allow the licensee to retain a portion of the escrow moneys for payment of the licensee's commission or expenses as a condition for release of the escrow moneys to that party. |
[31] Disregarding or violating any provision of this
Act or the published rules promulgated by OBRE to enforce this Act or aiding or abetting any individual, partnership, registered limited liability partnership, limited liability company, or corporation in disregarding any provision of this Act or the published rules promulgated by OBRE to enforce this Act. |
[32] Failing to provide the minimum services required
by Section 15‑75 of this Act when acting under an exclusive brokerage agreement. |
[Source: P.A. 93‑957, eff. 8‑19‑04.]
[225 ILCS 454/20‑60]
[Section scheduled to be repealed on January 1, 2010]
Sec. 20‑60.
Hearing; investigation; notice; disciplinary consent order.
[a] OBRE may conduct hearings through the Board or a duly appointed hearing
officer on
proceedings to suspend, revoke, or to refuse to issue or renew licenses of
persons applying for
licensure or licensed under this Act or to censure, reprimand, or impose a
civil fine not to exceed
$25,000 upon any licensee hereunder and may revoke, suspend, or refuse to issue
or renew these
licenses or censure, reprimand, or impose a civil fine not to exceed $25,000
upon any licensee
hereunder.
[b] Upon the motion of either OBRE or the Board or upon the verified
complaint in writing of
any persons setting forth facts that if proven would constitute grounds for
suspension or
revocation under this Act, OBRE, the Board, or its subcommittee shall cause to
be investigated the
actions of any person so accused who holds a license or is holding himself or
herself out to be a
licensee. This person is hereinafter called the accused.
[c] Prior to initiating any formal disciplinary proceedings resulting from
an investigation
conducted pursuant to subsection [b] of this Section, that matter shall be
reviewed by a
subcommittee of the Board according to procedures established by rule. The
subcommittee shall
make a recommendation to the full Board as to the validity of the complaint and
may recommend
that the Board not proceed with formal disciplinary proceedings if the
complaint is determined to
be frivolous or without merit.
[d] Except as provided for in Section 20‑65 of this Act, OBRE shall, before
suspending, revoking, placing on
probationary status, or taking any other disciplinary action as OBRE may deem
proper with regard
to any license:
[1] notify the accused in writing at least 30 days
prior to the date set for the hearing of any charges made and the time and place for the hearing of the charges to be heard before the Board under oath; and |
[2] inform the accused that upon failure to file an
answer and request a hearing before the date originally set for the hearing, default will be taken against the accused and his or her license may be suspended, revoked, or placed on probationary status, or other disciplinary action, including limiting the scope, nature, or extent of the accused's practice, as OBRE may deem proper, may be taken with regard thereto. |
In case the person fails to file an
answer after receiving
notice, his or her license may, in the discretion of OBRE, be suspended,
revoked, or placed on
probationary status, or OBRE may take whatever disciplinary action deemed
proper, including
limiting the scope, nature, or extent of the person's practice or the
imposition of a fine, without a
hearing, if the act or acts charged constitute sufficient grounds for such
action under this Act.
[e] At the time and place fixed in the notice, the Board shall proceed to
hearing of the charges
and both the accused person and the complainant shall be accorded ample
opportunity to present in
person or by counsel such statements, testimony, evidence and argument as may
be pertinent to the
charges or to any defense thereto. The Board or its hearing officer may
continue a hearing date
upon its own motion or upon an accused's motion for one period not to exceed 30 days. The Board
or its hearing officer may grant further continuances for periods not to exceed 30 days only upon
good cause being shown by the moving party. The non‑moving party shall have the opportunity to
object to a continuance on the record at a hearing upon the motion to continue. All motions for
continuances and any denial or grant thereof shall be in writing. All motions shall be submitted not
later than 48 hours before the scheduled hearing unless made upon an emergency
basis. In
determining whether good cause for a continuance is shown, the Board or its
hearing officer shall
consider such factors as the volume of cases pending, the nature and complexity
of legal issues
raised, the diligence of the party making the request, the availability of
party's legal representative
or witnesses, and the number of previous requests for continuance.
[f] Any unlawful act or violation of any of the provisions of this Act upon
the part of any
licensees employed by a real estate broker or associated by written agreement
with the real estate
broker, or unlicensed employee of a licensed broker, shall not be cause for
the revocation of the
license of any such broker, partial or otherwise, unless it appears to the
satisfaction of OBRE that
the broker had knowledge thereof.
[g] OBRE or the Board has power to subpoena any persons or documents for the
purpose of
investigation or hearing with the same fees and mileage and in the same manner
as prescribed by
law for judicial procedure in civil cases in courts of this State.
The Commissioner, the Director, any member of the Board, a certified court
reporter, or a hearing
officer shall each have power to administer oaths to witnesses at any hearing
which OBRE is
authorized under this Act to conduct.
[h] Any circuit court or any judge thereof, upon the application of the
accused person,
complainant, OBRE, or the Board, may, by order entered, require the attendance
of witnesses and the
production of relevant books and papers before the Board in any hearing
relative to the application
for or refusal, recall, suspension, or revocation of a license, and the court
or judge may compel
obedience to the court's or the judge's order by proceedings for contempt.
[i] OBRE, at its expense, shall preserve a record of all proceedings at the
formal hearing of any
case involving the refusal to issue or the revocation, suspension, or other
discipline of a licensee.
The notice of hearing, complaint and all other documents in the nature of
pleadings and written
motions filed in the proceedings, the transcript of testimony, the report of
the Board, and the orders
of OBRE shall be the record of the proceeding.
At all hearings or pre‑hearing conferences, OBRE and the accused shall be
entitled to have a court
reporter in attendance for purposes of transcribing the proceeding or
pre‑hearing conference at the
expense of the party requesting the court reporter's attendance. A copy of the
transcribed
proceeding shall be available to the other party for the cost of a copy of the
transcript.
[j] The Board shall present to the Commissioner its written report of its
findings and
recommendations. A copy of the report shall be served upon the accused, either
personally or by
certified mail as provided in this Act for the service of the citation. Within
20 days after the
service, the accused may present to the Commissioner a motion in writing for a
rehearing that
shall specify the particular grounds therefor. If the accused shall order and
pay for a transcript of
the record as provided in this Act, the time elapsing thereafter and before the
transcript is ready
for delivery to the accused shall not be counted as part of the 20 days.
Whenever the Commissioner is satisfied that substantial justice has not been
done, the
Commissioner may order a rehearing by the Board or other special committee
appointed by the
Commissioner or may remand the matter to the Board for their reconsideration of the matter based
on the pleadings and evidence presented to the Board. In all instances, under this Act, in which the
Board has rendered a recommendation to the Commissioner with respect to a particular licensee or
applicant, the Commissioner shall, in the event that he or she disagrees with
or takes action contrary to the
recommendation of the Board, file with the Board and the Secretary of State his
specific written
reasons of disagreement with the Board. The reasons shall be filed within 60
days of the Board's
recommendation to the Commissioner and prior to any contrary action. At the
expiration of the
time specified for filing a motion for a rehearing, the Commissioner shall have
the right to take the
action recommended by the Board. Upon the suspension or revocation of a
license, the licensee
shall be required to surrender his or her license to OBRE, and upon failure or
refusal to do so, OBRE
shall have the right to seize the license.
[k] At any time after the suspension, temporary suspension, or
revocation of any license, OBRE may
restore it to the
accused without examination, upon the written recommendation of the Board.
[l] An order of revocation or suspension or a certified copy thereof, over
the seal of OBRE and
purporting to be signed by the Commissioner, shall be prima facie proof that:
[1] The signature is the genuine signature of the
Commissioner. |
[2] The Commissioner is duly appointed and qualified.
[3] The Board and the members thereof are qualified.
Such proof may be
rebutted.
[m] Notwithstanding any provisions concerning the conduct of hearings and
recommendations
for disciplinary actions, OBRE as directed by the Commissioner has the
authority to negotiate
agreements with licensees and applicants resulting in disciplinary consent
orders. These consent
orders may provide for any of the forms of discipline provided in this Act.
These consent orders
shall provide that they were not entered into as a result of any coercion by
OBRE. Any such
consent order shall be filed with the Commissioner along with the Board's
recommendation and
accepted or rejected by the Commissioner within 60 days of the Board's
recommendation.
[Source: P.A. 91‑245, eff. 12‑31‑99; 92‑217, eff. 8‑2‑01.]
[225 ILCS 454/20‑90]
[Section scheduled to be repealed on January 1, 2010]
Sec. 20‑90.
Collection from Real Estate Recovery Fund; procedure.
[a] No action for a judgment that subsequently results in an order for
collection from the
Real Estate Recovery Fund shall be started later than 2 years after the date on
which the aggrieved
person knew, or through the use of reasonable diligence should have known, of
the acts or
omissions giving rise to a right of recovery from the Real Estate Recovery
Fund.
[b] When any aggrieved person commences action for a judgment that may
result in
collection from the Real Estate Recovery Fund, the aggrieved person must name
as parties
defendant to that action any and all individual real estate brokers, real
estate salespersons, or their
employees who allegedly committed or are responsible for acts or omissions
giving rise to a right
of recovery from the Real Estate Recovery Fund. Failure to name as parties
defendant such
individual brokers, salespersons, or their employees shall preclude recovery
from the Real Estate
Recovery Fund of any portion of any judgment received in such an action. The
aggrieved party
may also name as additional parties defendant any corporations, limited
liability companies,
partnerships, registered limited liability partnership, or other business
associations that may be
responsible for acts giving rise to a right of recovery from the Real Estate
Recovery Fund.
[c] When any aggrieved person commences action for a judgment that may
result in
collection from the Real Estate Recovery Fund, the aggrieved person must notify
OBRE in writing
to this effect within 7 days of the commencement of the action.
Failure to so notify
OBRE shall preclude recovery from the Real Estate Recovery Fund of any portion
of any judgment
received in such an action. After receiving notice of the commencement of such
an action, OBRE
upon timely application shall be permitted to intervene as a party defendant to
that action.
[d] When any aggrieved person commences action for a judgment that may
result in
collection from the Real Estate Recovery Fund, and the aggrieved person is unable to obtain legal
and proper service upon the defendant under the provisions of Illinois law concerning service of
process in civil actions, the aggrieved person may petition the court where the action to obtain
judgment was begun for an order to allow service of legal process on the Commissioner. Service of
process on the Commissioner shall be taken and held in that court to be as valid and binding as if
due service had been made upon the defendant. In case any process mentioned in this Section is
served upon the Commissioner, the Commissioner shall forward a copy of the
process by certified
mail to the licensee's last address on record with OBRE. Any judgment obtained
after service of
process on the Commissioner under this Act shall apply to and be enforceable
against the Real
Estate Recovery Fund only. OBRE may intervene in and defend any such action.
[e] When an aggrieved party commences action for a judgment that may result
in collection
from the Real Estate Recovery Fund, and the court before which that action is
commenced enters
judgment by default against the defendant and in favor of the aggrieved party,
the court shall upon
motion of OBRE set aside that judgment by default. After such a judgment by
default has been set
aside, OBRE shall appear as party defendant to that action, and thereafter the
court shall require
proof of the allegations in the pleadings upon which relief is sought.
[f] The aggrieved person shall give written notice to OBRE within 30 days of
the entry of any
judgment that may result in collection from the Real Estate Recovery Fund. The
aggrieved person shall provide OBRE within 20 days prior written notice of all
supplementary
proceedings so as to allow OBRE to participate in all efforts to collect on the
judgment.
[g] When any aggrieved person recovers a valid judgment in any court of
competent
jurisdiction against any licensee or an unlicensed employee of any broker, upon
the grounds of
fraud, misrepresentation, discrimination, or deceit, the aggrieved person may,
upon the termination
of all proceedings, including review and appeals in connection with the
judgment, file a verified
claim in the court in which the judgment was entered and, upon 30 days' written
notice to OBRE,
and to the person against whom the judgment was obtained, may apply to the
court for an order
directing payment out of the Real Estate Recovery Fund of the amount unpaid
upon the judgment,
not including interest on the judgment, and subject to the limitations stated
in Section 20‑85 of this
Act. The aggrieved person must set out in that verified claim and at an
evidentiary hearing to be
held by the court upon the application the aggrieved party shall be required to
show that the
aggrieved person:
[1] Is not a spouse of the debtor or the personal
representative of such spouse. |
[2] Has complied with all the requirements of this
Section. |
[3] Has obtained a judgment stating the amount
thereof and the amount owing thereon, not including interest thereon, at the date of the application. |
[4] Has made all reasonable searches and inquiries
to ascertain whether the judgment debtor is possessed of real or personal property or other assets, liable to be sold or applied in satisfaction of the judgment. |
[5] By such search has discovered no personal or
real property or other assets liable to be sold or applied, or has discovered certain of them, describing them as owned by the judgment debtor and liable to be so applied and has taken all necessary action and proceedings for the realization thereof, and the amount thereby realized was insufficient to satisfy the judgment, stating the amount so realized and the balance remaining due on the judgment after application of the amount realized. |
[6] Has diligently pursued all remedies against all
the judgment debtors and all other persons liable to the aggrieved person in the transaction for which recovery is sought from the Real Estate Recovery Fund, including the filing of an adversary action to have the debts declared non‑dischargeable in any bankruptcy petition matter filed by any judgment debtor or person liable to the aggrieved person. |
The aggrieved person shall also be required to prove the amount of attorney's
fees sought to be
recovered and the reasonableness of those fees up to the maximum allowed
pursuant to Section 20‑85
of this Act.
[h] The court shall make an order directed to OBRE requiring payment from
the Real Estate
Recovery Fund of whatever sum it finds to be payable upon the claim, pursuant
to and in
accordance with the limitations contained in Section 20‑85 of this Act, if the
court is
satisfied, upon the hearing,
of the truth of all matters required to be shown by the aggrieved person under
subsection [g] of this
Section and that the aggrieved person has fully pursued and exhausted all
remedies available for
recovering the amount awarded by the judgment of the court.
[i] Should OBRE pay from the Real Estate Recovery Fund any amount in
settlement of a claim
or toward satisfaction of a judgment against a licensed broker or salesperson
or an unlicensed
employee of a broker, the licensee's license shall be automatically terminated
upon the issuance of a
court order authorizing payment from the Real Estate Recovery Fund. No
petition for restoration of
a license shall be heard until repayment has been made in full, plus interest
at the rate prescribed in
Section 12‑109 of the Code of Civil Procedure of the amount paid from
the Real Estate Recovery Fund on their account. A discharge in bankruptcy shall
not relieve a
person from the penalties and disabilities provided in this subsection [i].
[j] If, at any time, the money deposited in the Real Estate Recovery Fund is
insufficient to
satisfy any duly authorized claim or portion thereof, OBRE shall, when
sufficient money has been
deposited in the Real Estate Recovery Fund, satisfy such unpaid claims or
portions thereof, in the
order that such claims or portions thereof were originally filed, plus
accumulated interest at the rate
prescribed in Section 12‑109 of the Code of Civil Procedure.
[Source: P.A. 91‑245, eff. 12‑31‑99.]
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