MS HB1337 | 2011 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 30 2011 - 100% progression
Action: 2011-03-30 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 30 2011 - 100% progression
Action: 2011-03-30 - Approved by Governor
Text: Latest bill text (Enrolled) [HTML]
Summary
An Act To Create The Mississippi Appraisal Management Company Registration Act, To Place Appraisal Management Companies Under The Authority Of The Real Estate Appraiser Licensing And Certification Commission; To Require Those Companies To Register With The Mississippi Real Estate Appraiser Licensing And Certification Board Before Engaging In The Business As An Appraisal Management Company; To Prescribe For An Application Of Registration To Engage In Such Business; To Provide For The Minimum Registration Requirements; To Exempt The Applicability Of The Act To Certain Companies; To Require Each Company Applying For Registration To Submit An Irrevocable Uniform Consent To Service Of Process Designating An Agent To Receive Service Of Process For The Company; To Prescribe The Requirements Of Owners, Controlling Persons And Employees Of An Appraisal Management Company; To Require The Company To Designate One Controlling Person To Act As The Contact For All Communications Between The Commission And The Company; To Require Those Companies To Certify To The Board Its System Of Verification For Additions To Its Appraisal Panel, Review Of Work Done By Independent Appraisers And Continuing Licensure Or Certification Requirements; To Require Those Companies To Certify Biennially To The Board Its Adherence To Certain Professional And Governmental Standards; To Require The Company To Retain Records Relating To Its Appraisal Activities For A Minimum Of Five Years; To Prohibit The Alteration Of Appraisal Reports; To Require The Board To Issue A Registration Number To Each Company Registered In The State; To Require The Company To Disclose Its Registration Number On Engagement Documents Presented To The Appraiser; To Provide A Procedure For The Settling Of Disputes Between An Appraisal Management Company And An Appraiser; To Provide Due Process To Independent Appraisers Removed From An Appraisal Panel For Misconduct And Certain Other Violations; To Amend Sections 73-34-3, 73-34-9, 73-34-13, 73-34-25, 73-34-27, 73-34-29, 73-34-35, 73-34-41, 73-34-43, 73-34-45, 73-34-49 And 73-34-53, Mississippi Code Of 1972, In Conformity To The Provisions Of This Act; And For Related Purposes.
Title
Mississippi Appraisal Management Company Registration Act; create.
Sponsors
Roll Calls
2011-03-14 - House - House Concurred in Amend From Senate (Y: 119 N: 0 NV: 3 Abs: 0) [PASS]
2011-03-09 - Senate - Senate Passed As Amended (Y: 51 N: 0 NV: 1 Abs: 0) [PASS]
2011-02-08 - House - House Passed (Y: 106 N: 13 NV: 3 Abs: 0) [PASS]
2011-03-09 - Senate - Senate Passed As Amended (Y: 51 N: 0 NV: 1 Abs: 0) [PASS]
2011-02-08 - House - House Passed (Y: 106 N: 13 NV: 3 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2011-03-30 | Approved by Governor | |
| 2011-03-22 | Enrolled Bill Signed | |
| 2011-03-21 | Enrolled Bill Signed | |
| 2011-03-14 | Concurred in Amend From Senate | |
| 2011-03-11 | Returned For Concurrence | |
| 2011-03-09 | Passed As Amended | |
| 2011-03-09 | Amended | |
| 2011-02-23 | Title Suff Do Pass As Amended | |
| 2011-02-11 | Referred To Business and Financial Institutions | |
| 2011-02-10 | Transmitted To Senate | |
| 2011-02-08 | Passed | |
| 2011-02-08 | Committee Substitute Adopted | |
| 2011-02-01 | Title Suff Do Pass Comm Sub | |
| 2011-02-01 | DR - TSDPCS: AP To JB | |
| 2011-01-27 | DR - TSDPCS: JB To AP | |
| 2011-01-17 | Referred To Judiciary B;Appropriations |
