DE HB154 | 2019-2020 | 150th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 6-0)
Status: Passed on July 4 2019 - 100% progression
Action: 2019-07-04 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]
Spectrum: Partisan Bill (Democrat 6-0)
Status: Passed on July 4 2019 - 100% progression
Action: 2019-07-04 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]
Summary
This bill updates the real estate appraisers practice act to comply with federal law by clarifying the definition of federally-related transaction and adding a definition for federal financial institutions regulatory agencies. Changes to these definitions would render Delawares definitions consistent with federal law. Section two of the bill changes the renewal for appraisal management companies (AMC) from every two years to annually to facilitate the renewal procedure for the Division of Professional Regulation. Section three of the bill eliminates the current allowance in Delaware for a revoked or suspended real estate appraiser to have an ownership interest in an AMC, and section four disallows AMCs from removing an appraiser from its appraiser panel without prior notice. Delawares law currently allows AMCs to do so if the appraiser was only added to the panel in the previous 60 days. Federal law does not have any such allowance.
Title
An Act To Amend Title 24 Of The Delaware Code Relating To Professions And Occupations.
Sponsors
Rep. Nnamdi Chukwuocha [D] | Sen. Elizabeth Lockman [D] | Sen. Stephanie Hansen [D] | Sen. Jack Walsh [D] |
Rep. David Bentz [D] | Rep. Sherry Dorsey Walker [D] |
Roll Calls
2019-06-18 - Senate - Senate Third Reading (Y: 16 N: 0 NV: 0 Abs: 5) [PASS]
2019-06-11 - House - House Third Reading (Y: 39 N: 0 NV: 0 Abs: 2) [PASS]
2019-06-11 - House - House Third Reading (Y: 39 N: 0 NV: 0 Abs: 2) [PASS]
History
Date | Chamber | Action |
---|---|---|
2019-07-04 | Signed by Governor | |
2019-06-18 | Passed By Senate. Votes: 16 YES 5 ABSENT | |
2019-06-18 | Reported Out of Committee (Sunset) in Senate with 3 On Its Merits | |
2019-06-11 | Assigned to Sunset Committee in Senate | |
2019-06-11 | Passed By House. Votes: 39 YES 2 ABSENT | |
2019-06-05 | Reported Out of Committee (Sunset Committee (Policy Analysis & Government Accountability)) in House with 3 On Its Merits | |
2019-05-14 | Introduced and Assigned to Sunset Committee (Policy Analysis & Government Accountability) Committee in House |