Letter from the Commissioner of Banks and Real Estate
To the Governor and the Legislature:
It is my privi-lege
Office of Banks
and Real Es-tate's
to statutory re-quirement
ILCS 5/25 and
3205/6(f). The primary purpose of the
Annual Report is to provide a general
overview of the condition of our agency.
This report and additional information about
our agency can be located on the agency's
Web site at http:/www.obre.state.il.us.
This year's report is offered in four major
sections. Section one consists of an
overview of the agency's structure and the
responsibility of each bureau.
In section two, the fiscal year 2000 agency
achievements are summarized. Some of the
more noteworthy achievements include the
q Increased De Novo Activity
q Year 2000 Management
q Supervisory Fee Credit
q Super Wild Card Powers
q Regulation of the Auction Industry
q Growth in Timeshare and Land Sales
q Continuing Education for Mortgage
Section three includes the Banking, Thrift,
Appraisal, Auction, and Real Estate Board
reports and lists of their members.
Section four provides financial information
about the agency's operations including
detailed balance sheets, operating
statements, and actual headcount reports.
The citizens of Illinois elected a new
Governor on November 3, 1998, George H.
Ryan. In January of 1999, Governor Ryan
appointed and the Illinois State Senate
confirmed me, giving me the honor of
serving as the second Commissioner of the
Illinois Office of Banks and Real Estate.
I hope you will find that this report provides
clear and comprehensive information
regarding the agency's activities during July
1, 1999 through June 30, 2000. As always, I
welcome any comments you may have about
this report or about specific bureau activity.
William A. Darr
NOTE: Request for copies of this publication should be directed to the Office of Banks and Real Estate,
Attention: Public Information Officer, 500 East Monroe Street, Suite 800, Springfield, Illinois 62701-
1509. Phone Number (217) 785-2903 and TDD Number (217) 524-6644.