IN SB0418 | 2010 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 14 2010 - 25% progression, died in committee
Action: 2010-01-14 - First reading: referred to Committee on Commerce and Public Policy & Interstate Cooperation
Pending: Senate Commerce, Public Policy & Interstate Cooperation Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Requires appraisal management companies to register with the real estate appraiser licensure and certification board (board). Provides that the registration fee may not exceed $500. Requires an individual who conducts appraisal reviews for an appraisal management company to be a licensed or certified appraiser. Prohibits an appraisal management company from contracting with an appraiser to perform an appraisal of a property if the appraiser does not meet certain standards. Makes it a Class A infraction for a person to perform appraisal management services without a certificate or registration.

Tracking Information

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Title

Regulation of appraisal management companies.

Sponsors


History

DateChamberAction
2010-01-14 First reading: referred to Committee on Commerce and Public Policy & Interstate Cooperation
2010-01-14 Authored by Senators Becker and Kruse

Indiana State Sources


Bill Comments

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