Bill Text: VA SB1445 | 2015 | Regular Session | Chaptered

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Bill Title: Appraisal management companies; appraiser compensation.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2015-03-23 - Governor: Acts of Assembly Chapter text (CHAP0422) [SB1445 Detail]

Download: Virginia-2015-SB1445-Chaptered.html

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CHAPTER 422 An Act to amend the Code of Virginia by adding a section numbered 54.1-2022.1, relating to appraisal management companies; appraiser compensation. [S 1445] Approved March 23, 2015

 

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 54.1-2022.1 as follows:

§54.1-2022.1. Appraiser compensation.

An appraisal management company shall compensate appraisers in compliance with §129E(i) of the federal Truth in Lending Act (15 U.S.C. § 1601 et seq.) and regulations promulgated thereunder.