Indiana Senate Bill 418 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 14 2010 - 25% progression, died in committee
Action: 2010-01-14 - First reading: referred to Committee on Commerce and Public Policy & Interstate Cooperation
Pending: Senate Commerce, Public Policy & Interstate Cooperation Committee
Text: Latest bill text (Introduced) [HTML]

Requires appraisal management companies to register with the real estate appraiser licensure and certification board (board). Provides that the registration fee may not exceed $500. Requires an individual who conducts appraisal reviews for an appraisal management company to be a licensed or certified appraiser. Prohibits an appraisal management company from contracting with an appraiser to perform an appraisal of a property if the appraiser does not meet certain standards. Makes it a Class A infraction for a person to perform appraisal management services without a certificate or registration.

Regulation of appraisal management companies.

Sen. Vaneta Becker [R]

Sen. Dennis Kruse [R]

Date	Chamber	Action
2010-01-14		First reading: referred to Committee on Commerce and Public Policy & Interstate Cooperation
2010-01-14		Authored by Senators Becker and Kruse

Type	Source
Summary	http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2010&session=1&request=getBill&doctype=SB&docno=0418
Text	http://www.in.gov/legislative/bills/2010/IN/IN0418.1.html