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SB53 Alabama 2018 Session

Updated Apr 26, 2021
SB53 Alabama 2018 Session
Senate Bill
Expired
Current Status
Regular Session 2018
Session
1
Sponsor

Summary

Session
Regular Session 2018
Title
Appraisers and appraisal managerial companies, fees charged to be disclosed separately and distinctly, Alabama Real Estate Appraisers Board may adopt rules
Description

Under existing law, an appraisal management company may coordinate the appraisal of real estate for a fee.

This bill would require the appraisal fee and any fee charged by the appraisal management company to be disclosed separately and distinctly on the closing statement.

This bill would also authorize the Alabama Real Estate Appraisers Board to adopt applicable rules.

Subjects
Appraisals

Bill Actions

S

Read for the first time and referred to the Senate committee on Banking and Insurance

Bill Text

Votes

Motion to Read a Third Time and Pass

February 1, 2018 Senate Passed
Yes 25
Absent 9

Motion to Read a Third Time and Pass

February 20, 2018 House Passed
Yes 98
Abstained 1
Absent 3

Motion to Read a Third Time and Pass

March 6, 2018 House Failed
Yes 21
Abstained 69
Absent 12

Motion to Read a Third Time and Pass

March 21, 2018 Senate Passed
Yes 24
Abstained 1
Absent 9

Documents

Source: Alabama Legislature