summary
Introduced
02/07/2025
02/07/2025
In Committee
04/23/2025
04/23/2025
Crossed Over
04/09/2025
04/09/2025
Passed
08/01/2025
08/01/2025
Dead
Signed/Enacted/Adopted
08/01/2025
08/01/2025
Introduced Session
104th General Assembly
Bill Summary
Amends the Auction License Act. Adds definitions for "estate sale", "estate sale service", and "online auction". Provides that "Internet auction listing service" does not include an online auction. Adds an online auction, an estate sale, and providing an estate service to events that are unlawful for any person, corporation, limited liability company, partnership, or other entity to conduct in the State of Illinois without a licensed issued by the Department of Financial and Professional Regulation. Adds online auctions and estate sales with certain conditions to exemptions to the license requirement. Provides that nothing in the Act shall be construed to apply to a sale conducted by an individual of his or her own property if such an individual is not engaged in the business of selling such property or if the individual did not acquire such goods for resale. Provides that nothing in provisions regarding the license requirement shall be construed to apply to any person as a receiver, trustee in bankruptcy, guardian, administrator, or executor or any such person acting under order of any court, nor shall the provisions regarding the license requirement apply to a trustee acting under a trust agreement, deed of trust, or will, or sales at auction conducted by or under the direction of any public authority or pursuant to any judicial order or decree. Effective January 1, 2026.
AI Summary
This bill amends the Auction License Act to add new definitions and regulations for online auctions and estate sales in Illinois. The bill introduces specific definitions for ""estate sale," "estate sale service", "online clarifying an online auction is a sale conducted via internet platforms, and an estate sale is by is a liquidpropertyation a predetermined time where the can negotiate or bid personal for personal propertyp. The bill requires that online auestate sales,, providing estate sale services now require a license from the Department of Financial and Professional Regulation, with several important exemexceptions include sales by non-profit organizations, property owners owners selling their own property, sales by government agencies, and sales by certain third-party res/legal representatives like trustees, executors, or thoseians under court orders. The bill also specifies that internet auction listing services and listing services and third-party resellers of estate property are are to these requirements. These new will aim License Act will become effective on January 1, 2026, and aims to provide clearer regulatory guidelines for online and estate sales transactions in Illinois.Human ensuring proper professional oversight.
Committee Categories
Justice
Sponsors (2)
Last Action
Public Act . . . . . . . . . 104-0145 (on 08/01/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2351&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/SB/10400SB2351enr.htm |
| BillText | https://www.ilga.gov/legislation/104/SB/10400SB2351eng.htm |
| Senate Amendment 001 | https://www.ilga.gov/legislation/104/SB/10400SB2351sam001.htm |
| BillText | https://www.ilga.gov/legislation/104/SB/10400SB2351.htm |
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