Under existing law, the Alabama Real Estate Appraisers Board licenses and regulates real estate appraisers providing real estate appraisals
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
The bill would also authorize an investigator employed by the board to be a licensee of the board
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.
|April 30, 2019||S||Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development|
|Hearing||May 7, 2019||Room 825 at 14:30||Senate FRED Hearing|
|Bill Text||SB 339 - Introduced|