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2018 SESSION
HB 1506 Appraisal management companies; clarifies definition, state-licensed appraisers.
Introduced by: Richard P. Bell | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Professions and occupations; appraisal management companies. 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 SB 979.
FULL TEXT
- 01/18/18 House: Presented and ordered printed 18105498D pdf | impact statement
- 02/08/18 House: Committee substitute printed 18106175D-H1 pdf | impact statement
- 02/26/18 House: Bill text as passed House and Senate (HB1506ER) pdf | impact statement
- 03/09/18 Governor: Acts of Assembly Chapter text (CHAP0229) pdf
AMENDMENTS
HISTORY
- 01/18/18 House: Presented and ordered printed 18105498D
- 01/18/18 House: Referred to Committee on General Laws
- 01/24/18 House: Assigned GL sub: Subcommittee #2
- 02/08/18 House: Subcommittee recommends reporting with substitute (8-Y 0-N)
- 02/08/18 House: Reported from General Laws with substitute (21-Y 0-N)
- 02/08/18 House: Committee substitute printed 18106175D-H1
- 02/10/18 House: Read first time
- 02/12/18 House: Read second time
- 02/12/18 House: Committee substitute agreed to 18106175D-H1
- 02/12/18 House: Engrossed by House - committee substitute HB1506H1
- 02/13/18 House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
- 02/13/18 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/14/18 Senate: Constitutional reading dispensed
- 02/14/18 Senate: Referred to Committee on General Laws and Technology
- 02/19/18 Senate: Reported from General Laws and Technology (13-Y 0-N)
- 02/21/18 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/22/18 Senate: Read third time
- 02/22/18 Senate: Passed Senate (40-Y 0-N)
- 02/26/18 House: Enrolled
- 02/26/18 House: Bill text as passed House and Senate (HB1506ER)
- 02/26/18 House: Signed by Speaker
- 02/28/18 Senate: Signed by President
- 03/02/18 House: Enrolled Bill communicated to Governor on March 2, 2018
- 03/02/18 Governor: Governor's Action Deadline Midnight, March 9, 2018
- 03/09/18 Governor: Approved by Governor-Chapter 229 (effective 7/1/18)
- 03/09/18 Governor: Acts of Assembly Chapter text (CHAP0229)