Appraisal management companies; clarifies definition, state-licensed appraisers. (SB979)

Introduced By

Sen. Ben Chafin (R-Lebanon)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Professions and occupations; appraisal management companies. Amends the definition of appraisal management company and adds definitions for appraisal management services and appraiser panel. The bill also requires applicants for an appraisal management company license to certify to the Virginia Real Estate Appraiser Board that any person or entity that owns any part of the appraisal management company has never had a license to act as an appraiser refused, denied, canceled, surrendered in lieu of revocation, or revoked by the Commonwealth or any other state. Current law only requires such applicants to provide such certification regarding any person or entity that owns 10 percent or more of the appraisal management company. This bill is identical to HB 1506. Read the Bill »


Bill Has Passed


01/19/2018Presented and ordered printed 18105593D
01/19/2018Referred to Committee on General Laws and Technology
01/29/2018Impact statement from DPB (SB979)
02/05/2018Reported from General Laws and Technology with substitute (14-Y 0-N) (see vote tally)
02/05/2018Committee substitute printed 18106698D-S1
02/07/2018Impact statement from DPB (SB979S1)
02/07/2018Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/08/2018Read second time
02/08/2018Reading of substitute waived
02/08/2018Committee substitute agreed to 18106698D-S1
02/08/2018Engrossed by Senate - committee substitute SB979S1
02/09/2018Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/14/2018Placed on Calendar
02/14/2018Read first time
02/14/2018Referred to Committee on General Laws
02/15/2018Reported from General Laws with amendments (22-Y 0-N) (see vote tally)
02/19/2018Read second time
02/20/2018Read third time
02/20/2018Committee amendments agreed to
02/20/2018Engrossed by House as amended
02/20/2018Passed House with amendments BLOCK VOTE (100-Y 0-N)
02/20/2018VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/22/2018House amendments agreed to by Senate (39-Y 0-N) (see vote tally)
02/26/2018Bill text as passed Senate and House (SB979ER)
02/26/2018Impact statement from DPB (SB979ER)
02/26/2018Signed by Speaker
02/28/2018Signed by President
03/02/2018Enrolled Bill Communicated to Governor on March 2, 2018
03/02/2018G Governor's Action Deadline Midnight, March 9, 2018
03/09/2018G Approved by Governor-Chapter 230 (effective 7/1/18)
03/09/2018G Acts of Assembly Chapter text (CHAP0230)

Duplicate Bills

The following bills are identical to this one: HB1506.