Bill Text: AZ SB1353 | 2010 | Forty-ninth Legislature 2nd Regular | Introduced

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Bill Title: Appraisers; civil penalty

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2010-02-03 - Referred to Senate CED Committee [SB1353 Detail]

Download: Arizona-2010-SB1353-Introduced.html

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REFERENCE TITLE: appraisers; civil penalty

 

 

 

 

State of Arizona

Senate

Forty-ninth Legislature

Second Regular Session

2010

 

 

SB 1353

 

Introduced by

Senators McCune Davis: Nelson

 

 

AN ACT

 

amending section 32‑3635, Arizona Revised Statutes; relating to the state board of appraisal.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 32-3635, Arizona Revised Statutes, is amended to read:

START_STATUTE32-3635.  Standards of practice; civil penalty

A.  A state licensed or state certified appraiser shall comply with the standards of professional appraisal practice adopted by the board.

B.  An appraisal or appraisal report shall not be issued by a real estate appraiser unless it meets the appraisal standards established by this chapter and rules adopted pursuant to this chapter.

C.  An appraisal review report shall clearly indicate the nature of the review process undertaken and shall separate the review function from any other functions.

D.  All federally related appraisals shall be in writing.

E.  The board shall impose a civil penalty of at least one hundred dollars and not more than five hundred dollars for each violation of this section. END_STATUTE