SB181 Alabama 2019 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2019
Title
Real Estate Appraisers Board, evaluations of property for financial institutions authorized by federal financial institutions regulatory agencies, excluded from regulation by the board, investigators employed by board authorized to be licensees, Secs. 34-27A-2, 34-27A-3, 34-27A-5, 34-27A-23 am'd.
Description
<p class="bill_description"> Under existing law, the Alabama Real Estate
Appraisers Board licenses and regulates real estate
appraisers providing real estate appraisals</p><p class="bill_description">
This bill would define and provide for
licensed real estate appraisers to perform
evaluations of property authorized by federal
financial institution regulatory agencies for
federal financial institutions for transactions
that do not require an appraisal. The evaluations
would not be subject to regulation by the Alabama
Real Estate Appraisers Board</p><p class="bill_description">
The bill would also authorize an
investigator employed by the board to be a licensee
of the board</p><p class="bill_entitled_an_act"> Relating to the Alabama Real Estate Appraisers Board
and the licensing and regulation of real estate appraisers; to
amend Sections 34-27A-2, 34-27A-3, 34-27A-5, and 34-27A-23 of
the Code of Alabama 1975, to define the term "evaluation" and
to provide that evaluations performed by licensed appraisers
for financial institutions would not be governed by Chapter
27A and to further provide for the employment of investigators
by the board who are licensees of the board.
</p>
Subjects
Real Estate Appraisers Board
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 16, 2019 | S | Pending third reading on day 11 Favorable from Fiscal Responsibility and Economic Development |
| April 16, 2019 | S | Read for the second time and placed on the calendar |
| April 2, 2019 | S | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 10, 2019 | Room 825 - BILL ADDED at 10:00 | Senate FRED Hearing |
| Hearing | April 10, 2019 | Room 825 at 10:00 | Senate FRED Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB181 Alabama 2019 Session - Introduced |