Appraisal management companies; cap on fees, disclosure. (SB655)

Introduced By

Sen. Jeremy McPike (D-Dale City)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Appraisal management companies; cap on fees; disclosure. Caps the markup that an appraisal management company adds to the cost of an appraisal conducted by an independent appraiser at 20 percent. The bill also requires the appraisal management company to fully disclose to the client the actual fee that is charged for the services provided by the appraisal management company. Read the Bill »


Bill Has Failed


01/10/2018Prefiled and ordered printed; offered 01/10/18 18103586D
01/10/2018Referred to Committee on General Laws and Technology
01/25/2018Impact statement from DPB (SB655)
02/05/2018Stricken at request of Patron in General Laws and Technology (11-Y 1-N) (see vote tally)