Bill Title: Appraisal management practices. Provides that an appraisal management company that engages a real estate appraiser to perform an appraisal shall pay the real estate appraiser for the appraisal to be performed not later than: (1) the: (A) payment date; or (B) occurrence of a specified event upon which payment is to be made; that is set forth in the contract or agreement between the appraisal management company and the real estate appraiser; or (2) 30 days after the return of the appraisal to the appraisal management company by the real estate appraiser, if: (A) a contract or agreement between the

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-01-07 - First reading: referred to Committee on Commerce & Technology [SB0246 Detail]

Text: Latest bill text (Introduced) [PDF]

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