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
passed
4 of 5 stages cleared
Introduction
Jan 2018
Committee Review
Feb 2018
Senate Passage
Feb 2018
House of Delegates Passage
Feb 2018
Governor
Introduced Jan 19, 2018
Last action Mar 2, 2018
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
19
Key actions
4
Committee
5
Amendments
1
Feb 20, 2018
Legislature · Passed
Passed House with amendments BLOCK VOTE (100-Y 0-N)
legislature
Feb 20, 2018
Introduced
Engrossed by House as amended
legislature
Feb 20, 2018
Legislature · Passed
Committee amendments agreed to
legislature
Feb 14, 2018
Committee
Referred to Committee on General Laws
legislature
Feb 8, 2018
Legislature · Passed
Engrossed by Senate - committee substitute SB979S1
legislature
Feb 8, 2018
Legislature · Passed
Committee substitute agreed to 18106698D-S1
legislature
Jan 19, 2018
Committee
Referred to Committee on General Laws and Technology
legislature
Jan 19, 2018
Introduced
Presented and ordered printed 18105593D
legislature
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
AB
A. Benton "Ben" Chafin
RRepublican
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