Appraisal management companies; licensure from Real Estate Appraiser Board, regulation. (HB762)

Introduced By

Del. Randy Minchew (R-Leesburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Regulation of appraisal management companies. Provides the Real Estate Appraiser Board with the power to do all things necessary to effectuate the provisions of Chapter 20.2 of Title 54.1 (Real Estate Appraiser Management Companies) and requires persons or entities engaged in business as an appraisal management company to obtain a license from the Real Estate Appraiser Board. The bill also increases the required bond amount for each applicant for licensure from $25,000 to $100,000. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/07/2014Committee
01/07/2014Prefiled and ordered printed; offered 01/08/14 14103356D
01/07/2014Referred to Committee on General Laws
01/10/2014Assigned GL sub: Subcommittee #1
01/14/2014Subcommittee recommends reporting (6-Y 0-N)
01/16/2014Impact statement from DPB (HB762)
01/16/2014Reported from General Laws (21-Y 0-N) (see vote tally)
01/20/2014Read first time
01/21/2014Read second time and engrossed
01/22/2014Read third time and passed House (96-Y 0-N 1-A)
01/22/2014VOTE: PASSAGE (96-Y 0-N 1-A) (see vote tally)
01/23/2014Impact statement from DPB (HB762)
01/23/2014Constitutional reading dispensed
01/23/2014Referred to Committee on General Laws and Technology
02/17/2014Reported from General Laws and Technology (15-Y 0-N)
02/19/2014Constitutional reading dispensed (40-Y 0-N)
02/20/2014Read third time
02/20/2014Passed Senate (40-Y 0-N)
02/24/2014Enrolled
02/24/2014Bill text as passed House and Senate (HB762ER)
02/24/2014Signed by Speaker
02/25/2014Impact statement from DPB (HB762ER)
02/26/2014Signed by President
03/07/2014G Approved by Governor-Chapter 210 (effective 7/1/14)
03/07/2014G Acts of Assembly Chapter text (CHAP0210)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 3 minutes.