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SB655

Appraisal management companies; cap on fees, disclosure.

Status:
Killed

Chief Patron:
Jeremy McPike (D)

Session:
2018 Regular Session

Summary

As Introduced. Appraisal management companies; cap on fees; disclosure.

Caps the markup that an appraisal management company adds to the cost of an appraisal conducted by an independent appraiser at 20 percent. The bill also requires the appraisal management company to fully disclose to the client the actual fee that is charged for the services provided by the appraisal management company. (Less)
  • Bill History

  • 01/10/2018 - Senate: Prefiled and ordered printed; offered 01/10/18 18103586D
  • 01/10/2018 - Senate: Referred to Committee on General Laws and Technology
  • 01/25/2018 - Senate: Impact statement from DPB (SB655)
  • 02/05/2018 - Senate: Stricken at request of Patron in General Laws and Technology (11-Y 1-N)