Existing law does not provide for the registration of real estate appraisal management companies.
This bill would rename the Alabama Real Estate Appraisers Act the Alabama Real Estate Appraisers and Appraisal Management Company Registration and Regulation Act.
This bill would provide for the licensing and regulation of real estate appraisal management companies by the State of Alabama Real Estate Appraisers Board to maintain appraiser independence as mandated by the federal Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Delivered to Governor at 7:55 p.m. on June 9, 2011
Assigned Act No. 2011-701.
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 1167
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on State Government
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 675
Motion to Adopt adopted Roll Call 674
Rules Petition to Cease Debate adopted Roll Call 673.
Governmental Affairs first Substitute Offered
Third Reading Passed
Read for the second time and placed on the calendar with 1 substitute and
Read for the first time and referred to the Senate committee on Governmental Affairs
Source: Alabama Legislature