IDFPR or ARDC: Who Regulates Attorneys?
Two recent cases have been filed by the Illinois Department of Financial and Professional Regulation against Illinois licensed attorneys. The complaints seek large fines. The development presents serious issues for all Illinois attorneys — not just real estate practitioners.
We heard from Nora A. Devine, the current Chair of the Illinois State Bar Association’s Section Council on State and Local Taxation.
Joining her on the panel was Craig M. Capilla of the Franklin Law Group who is representing the two attorneys selected by the IDFPR for prosecution.
The attorneys are being prosecuted for violating the Appraisal Licensing Act of 2002 for conduct connected to property tax appeals. The alleged violations involve presenting valuation evidence in the tax appeals.
Does the presentation of objective evidence tending to show the proper valuation of a parcel is other than what has been suggested constitute doing an “appraisal”? If not, how can the attorneys who do this be viewed as being engaged in activity violative of the Appraisal Licensing Act?
This was an opportunity to hear about this new and disturbing development which could affect you and your practice. IRELA members were encouraged to learn about this critical issue and begin to explore solutions.
UPDATE: Following this meeting in June, the ISBA filed an action against the IDFPR for Declaratory and Injunctive relief. The action is pending.
Where: Belvedere Events and Banquets
1170 W. Devon, Elk Grove Village, IL | 847.534.0600
When: Wednesday, June 14, 2017 at 8:00 a.m.
One hour of MCLE credit is available for this CLE seminar for IRELA members in good standing. Plan to attend this meeting.
For more information, call 312.600.7720, or email to email@example.com.
P.O. Box 4956
Oak Brook, IL 60522-4956
Telephone: (312) 600-7720
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