Indiana Senate Bill 39 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 5 2016 - 25% progression, died in committee
Action: 2016-01-05 - First reading: referred to Committee on Commerce & Technology
Pending: Senate Commerce & Technology Committee
Text: Latest bill text (Introduced) [PDF]

Real estate appraiser compensation rates. Requires real estate appraisal management companies to compensate real estate appraisers for performing appraisals at a rate that is customary and reasonable for appraisals performed in the market area in which the property that is appraised is located based on: (1) objective third party information, including government agency fee schedules, academic studies, and independent private sector surveys; or (2) customary and reasonable appraisal compensation rate schedules established by the real estate appraiser licensure and certification board.

Real estate appraiser compensation rates. Requires real estate appraisal management companies to compensate real estate appraisers for performing appraisals at a rate that is customary and reasonable for appraisals performed in the market area in which the property that is appraised is located based on: (1) objective third party information, including government agency fee schedules, academic studies, and independent private sector surveys; or (2) customary and reasonable appraisal compensation rate schedules established by the real estate appraiser licensure and certification board.

Sen. Dennis Kruse [R]

Date	Chamber	Action
2016-01-05	Senate	First reading: referred to Committee on Commerce & Technology
2016-01-05	Senate	Authored by Senator Kruse

Type	Source
Summary	https://iga.in.gov/legislative/2016/bills/senate/39/details
Text	http://iga.in.gov/static-documents/3/3/c/e/33cef8f7/SB0039.01.INTR.pdf