Ill. Admin. Code tit. 68, § 1410.110 - Application for a Home Inspector Entity License
a) An entity seeking to practice as a home
inspector or provide home inspections in the State of Illinois in the form of a
corporation, limited liability company or legally formed partnership shall
submit to the Division:
1) An application, in
a manner provided by the Division, that is signed and fully completed by the
applicant;
2) If an assumed name is
to be used, a certified copy of the assumed name certificate, pursuant to the
Assumed Business Name Act [805 ILCS 405 ];
3) A Federal Employer Identification Number
(FEIN);
4) The required fee set
forth in Section 1410.400, payable to the
Department;
5) The names of all
owners, partners, officers, members, managers, or directors of the entity, and
their home inspector license numbers where applicable;
6) Evidence that the home inspector entity
has a designated managing home inspector licensed by the Department;
7) Articles of Incorporation, Articles of
Organization or other evidence of legal formation or authority, and proof of
good standing with the Illinois Secretary of State. If a foreign entity, a copy
of the certificate of authority to transact business in Illinois; and
8) Proof of general liability insurance
coverage as required by Section 5-50 of the Act and Section
1410.235.
b) This Section does not apply to an entity
solely owned by one licensed home inspector operating a sole proprietorship, a
single member limited liability company, or a single shareholder corporation,
and if that home inspector is the only licensed home inspector performing
inspections on the entity's behalf.
c) Applicants have 3 years from the date of
application to complete the application process. If the process has not been
completed within 3 years, the application shall be denied and the fee
forfeited, and the applicant must reapply and meet the requirements in effect
at the time of reapplication.
d)
Upon receipt of the required documents and review of the application, the
Department shall issue a license authorizing the entity to practice or shall
notify the applicant of the reason for any deficiency.
e) Licensees engaging in licensed activities
in the form of a corporation, limited liability company, or legally formed
partnership must:
1) Remain in active status
and in good standing in accordance with the requirements of the jurisdiction
where it is registered and must be authorized to conduct or transact
business;
2) Notify the Division,
in a format provided by the Division, within 48 hours after any change to its
status/registration resulting in the inability to conduct or transact business
in the jurisdiction in which it was authorized to conduct or transact business;
and
3) The license of any business
entity that is not in good standing with the Illinois Secretary of State, or is
not authorized to conduct business in Illinois, shall immediately become
inactive, and that entity shall be prohibited from engaging in any licensed
activities.
Notes
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