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SB1573

Appraisal management companies; compensation of appraiser within 30 days of delivery of report.

Status:
Enacted

Chief Patron:
Frank Wagner (R)

Session:
2017 Regular Session

Summary

As Passed Both Chambers. Appraisal management companies; compensation to appraisers.

Requires that an appraisal management company compensate the appraiser within 30 days of the initial delivery by the appraiser of the completed appraisal report, except in the case of breach of contract or noncompliance with the conditions of the engagement or performance of services that violate the Uniform Standards of Professional Appraisal Practice. (Less)
  • Bill History

  • 01/20/2017 - Senate: Presented and ordered printed 17102071D
  • 01/20/2017 - Senate: Referred to Committee on General Laws and Technology
  • 01/25/2017 - Senate: Impact statement from DPB (SB1573)
  • 02/03/2017 - Senate: Reported from General Laws and Technology with substitute (12-Y 0-N)
  • 02/03/2017 - Senate: Committee substitute printed 17105137D-S1
  • 02/06/2017 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/07/2017 - Senate: Read second time
  • 02/07/2017 - Senate: Reading of substitute waived
  • 02/07/2017 - Senate: Committee substitute agreed to 17105137D-S1
  • 02/07/2017 - Senate: Engrossed by Senate - committee substitute SB1573S1
  • 02/07/2017 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/07/2017 - Senate: Passed Senate (40-Y 0-N)
  • 02/08/2017 - Senate: Impact statement from DPB (SB1573S1)
  • 02/09/2017 - House: Placed on Calendar
  • 02/09/2017 - House: Read first time
  • 02/09/2017 - House: Referred to Committee on General Laws
  • 02/10/2017 - House: Assigned GL sub: Subcommittee #1
  • 02/14/2017 - House: Subcommittee recommends reporting with substitute (6-Y 0-N)
  • 02/16/2017 - House: Reported from General Laws with substitute (22-Y 0-N)
  • 02/16/2017 - House: Committee substitute printed 17105415D-H1
  • 02/20/2017 - Senate: Impact statement from DPB (SB1573H1)
  • 02/20/2017 - House: Read second time
  • 02/21/2017 - House: Read third time
  • 02/21/2017 - House: Committee substitute agreed to 17105415D-H1
  • 02/21/2017 - House: Engrossed by House - committee substitute SB1573H1
  • 02/21/2017 - House: Passed House with substitute BLOCK VOTE (98-Y 0-N)
  • 02/21/2017 - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
  • 02/22/2017 - Senate: House substitute rejected by Senate (0-Y 40-N)
  • 02/23/2017 - House: House insisted on substitute
  • 02/23/2017 - House: House requested conference committee
  • 02/23/2017 - Senate: Senate acceded to request (39-Y 0-N)
  • 02/23/2017 - Senate: Conferees appointed by Senate
  • 02/23/2017 - Senate: Senate acceded to request
  • 02/23/2017 - Senate: Conferees appointed by Senate
  • 02/23/2017 - Senate: Senators: Wagner, Vogel, McPike
  • 02/23/2017 - House: Conferees appointed by House
  • 02/23/2017 - House: Delegates: Peace, Greason, Bulova
  • 02/24/2017 - Senate: Conference report agreed to by Senate (40-Y 0-N)
  • 02/24/2017 - House: Conference report agreed to by House (93-Y 0-N)
  • 02/24/2017 - House: VOTE: ADOPTION (93-Y 0-N)
  • 03/07/2017 - Senate: Enrolled
  • 03/07/2017 - Senate: Bill text as passed Senate and House (SB1573ER)
  • 03/07/2017 - Senate: Impact statement from DPB (SB1573ER)
  • 03/07/2017 - House: Signed by Speaker
  • 03/10/2017 - Senate: Signed by President
  • 03/13/2017 - Senate: Enrolled Bill Communicated to Governor on 3/13/17
  • 03/13/2017 - Governor: Governor's Action Deadline Midnight, March 27, 2017
  • 03/20/2017 - Governor: Approved by Governor-Chapter 666 (effective 7/1/17)
  • 03/20/2017 - Governor: Acts of Assembly Chapter text (CHAP0666)