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HB1506

Appraisal management companies; clarifies definition, state-licensed appraisers.

Status:
Enacted

Chief Patron:
Dickie Bell (R)

Session:
2018 Regular Session

Summary

As Passed House of Origin. 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. (Less)

  • Bill History

  • 01/18/2018 - House: Presented and ordered printed 18105498D
  • 01/18/2018 - House: Referred to Committee on General Laws
  • 01/23/2018 - House: Impact statement from DPB (HB1506)
  • 01/24/2018 - House: Assigned GL sub: Subcommittee #2
  • 02/08/2018 - House: Subcommittee recommends reporting with substitute (8-Y 0-N)
  • 02/08/2018 - House: Reported from General Laws with substitute (21-Y 0-N)
  • 02/08/2018 - House: Committee substitute printed 18106175D-H1
  • 02/10/2018 - House: Read first time
  • 02/12/2018 - House: Impact statement from DPB (HB1506H1)
  • 02/12/2018 - House: Read second time
  • 02/12/2018 - House: Committee substitute agreed to 18106175D-H1
  • 02/12/2018 - House: Engrossed by House - committee substitute HB1506H1
  • 02/13/2018 - House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
  • 02/13/2018 - House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
  • 02/14/2018 - Senate: Constitutional reading dispensed
  • 02/14/2018 - Senate: Referred to Committee on General Laws and Technology
  • 02/19/2018 - Senate: Reported from General Laws and Technology (13-Y 0-N)
  • 02/21/2018 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/22/2018 - Senate: Read third time
  • 02/22/2018 - Senate: Passed Senate (40-Y 0-N)
  • 02/26/2018 - House: Enrolled
  • 02/26/2018 - House: Bill text as passed House and Senate (HB1506ER)
  • 02/26/2018 - House: Impact statement from DPB (HB1506ER)
  • 02/26/2018 - House: Signed by Speaker
  • 02/28/2018 - Senate: Signed by President
  • 03/02/2018 - House: Enrolled Bill communicated to Governor on March 2, 2018
  • 03/02/2018 - Governor: Governor's Action Deadline Midnight, March 9, 2018
  • 03/09/2018 - Governor: Approved by Governor-Chapter 229 (effective 7/1/18)
  • 03/09/2018 - Governor: Acts of Assembly Chapter text (CHAP0229)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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