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]

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.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

An Act To Amend Title 24 Of The Delaware Code Relating To Professions And Occupations.

Sponsors


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]

History

DateChamberAction
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

Delaware State Sources


Bill Comments

feedback