Appraisal management companies; clarifies definition, state-licensed appraisers.
Summary
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
Bill status
signed
all 5 stages cleared
Introduction
Jan 2018
Committee Review
Feb 2018
House of Delegates Passage
Feb 2018
Senate Passage
Feb 2018
Signed into Law
Mar 2018
Introduced Jan 18, 2018
Signed Mar 9, 2018
Floor votes · House of Delegates Feb 13, 2018
How they voted
This bill passed the Senate. No roll call record of that vote is available.
Full legislative history
Actions timeline
Total actions
18
Key actions
5
Committee
5
Mar 9, 2018
Signed into law
Approved by Governor-Chapter 229 (effective 7/1/18)
executive
Feb 14, 2018
Committee
Referred to Committee on General Laws and Technology
legislature
Feb 13, 2018
Legislature · Passed
Read third time and passed House BLOCK VOTE (100-Y 0-N)
legislature
Feb 13, 2018
House Of Delegates · Passed
House of Delegates Vote: pass (98-0)
house of delegates
Feb 12, 2018
Legislature · Passed
Engrossed by House - committee substitute HB1506H1
legislature
Feb 12, 2018
Legislature · Passed
Committee substitute agreed to 18106175D-H1
legislature
Jan 24, 2018
Committee
Assigned GL sub: Subcommittee #2
legislature
Jan 18, 2018
Committee
Referred to Committee on General Laws
legislature
Jan 18, 2018
Introduced
Presented and ordered printed 18105498D
legislature
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Richard P. Bell
RRepublican
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