Appraisal management companies; appraiser compensation. (SB1445)
Introduced By
Sen. Steve Martin (R-Chesterfield)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Appraisal management companies; payment of fees to appraisers; disclosure. Provides for an appraisal management company to compensate appraisers at a rate that is customary and reasonable for appraisals being performed in the market area of the property being appraised. The bill also requires an appraisal management company to provide a separate statement to the client disclosing (i) the fees paid to an appraiser for appraisal services and (ii) the fees charged by the appraisal management company for services associated with the management of the appraisal process. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/23/2015 | Presented and ordered printed |
01/23/2015 | Presented and ordered printed 15103447D |
01/23/2015 | Referred to Committee on General Laws and Technology |
01/29/2015 | Impact statement from DPB (SB1445) |
02/09/2015 | Committee substitute printed 15104884D-S1 |
02/09/2015 | Reported from General Laws and Technology with substitute (10-Y 0-N) (see vote tally) |
02/10/2015 | Read second time |
02/10/2015 | Reading of substitute waived |
02/10/2015 | Committee substitute agreed to 15104884D-S1 |
02/10/2015 | Engrossed by Senate - committee substitute SB1445S1 |
02/10/2015 | Constitutional reading dispensed (38-Y 0-N) (see vote tally) |
02/10/2015 | Passed Senate (38-Y 0-N) (see vote tally) |
02/12/2015 | Placed on Calendar |
02/12/2015 | Read first time |
02/12/2015 | Referred to Committee on General Laws |
02/13/2015 | Assigned GL sub: Subcommittee #1 |
02/13/2015 | Impact statement from DPB (SB1445S1) |
02/17/2015 | Subcommittee recommends reporting (6-Y 0-N) |
02/17/2015 | Reported from General Laws (20-Y 0-N) (see vote tally) |
02/18/2015 | Read second time |
02/19/2015 | Read third time |
02/19/2015 | Passed House (98-Y 1-N 1-A) |
02/19/2015 | VOTE: PASSAGE (98-Y 1-N 1-A) (see vote tally) |
02/24/2015 | Enrolled |
02/24/2015 | Bill text as passed Senate and House (SB1445ER) |
02/24/2015 | Signed by Speaker |
02/25/2015 | Impact statement from DPB (SB1445ER) |
02/26/2015 | G Governor's Action Deadline Midnight, Monday, March 30, 2015 |
02/26/2015 | Signed by President |
02/26/2015 | Enrolled Bill Communicated to Governor on 2/26/15 |
02/26/2015 | G Governor's Action Deadline Midnight, Sunday, March 29, 2015 |
03/23/2015 | G Approved by Governor-Chapter 422 (effective 7/1/15) |
03/23/2015 | G Acts of Assembly Chapter text (CHAP0422) |