Kentucky House Bill 288 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Enrolled on March 4 2011 - 75% progression, died in chamber
Action: 2011-03-16 - signed by Governor
Text: Latest bill text (Draft #3) [MS Word]

Create new sections of KRS Chapter 324A to define terms related to real estate appraisal management companies; require registration of real estate appraisal management companies with the board and provide qualifications and limitations on registration; require board to establish a reasonable filing fee in administrative regulation; specify the inclusion of the annual national registry fee required under federal law and maintained by the Appraisal Subcommittee of the Federal Financial Institutions Examination Council; require surety bond not to exceed $500,000; require registrants and persons owning 10% or more of the registrant to submit to a national criminal history check through the Federal Bureau of Investigation; provide requirements for registered companies and their employees, directors, officers, and agents; require executive director of the board to maintain a register of all applicants; grant board the authority to penalize registrants for specified offenses; exempt specified parties from provisions of the Act; specify that the Act shall be known as the Kentucky Appraisal Management Company Registration Act.

AN ACT relating to real estate appraisal management companies.

Rep. Alecia Webb-Edgington [R]

Rep. Susan Westrom [D]

Date	Chamber	Action
2011-03-16		signed by Governor
2011-03-04		delivered to Governor
2011-03-04		enrolled, signed by each presiding officer
2011-03-04		passed 93-0
2011-03-04		House concurred in Senate Committee Substitute (2)
2011-03-04		posted for passage for concurrence in Senate Committee Substitute (2)
2011-03-04		received in House
2011-03-04		passed 37-0 with Committee Substitute (2)
2011-03-04		Committee Substitute (1) withdrawn
2011-03-04		3rd reading
2011-03-03		posted for passage in the Consent Orders of the Day for Friday, March 4, 2011
2011-03-03		reported favorably, to Rules with Committee Substitute (2)
2011-03-03		returned to Licensing, Occupations, & Administrative Regulations (S)
2011-03-03		taken from Rules (S)
2011-03-01		reported favorably, to Rules with Committee Substitute as a Consent Bill
2011-02-28		returned to Licensing, Occupations, & Administrative Regulations (S)
2011-02-28		2nd reading
2011-02-28		taken from Licensing, Occupations, & Administrative Regulations (S)
2011-02-25		returned to Licensing, Occupations, & Administrative Regulations (S)
2011-02-25		1st reading
2011-02-25		taken from Licensing, Occupations, & Administrative Regulations (S)
2011-02-15		to Licensing, Occupations, & Administrative Regulations (S)
2011-02-11		received in Senate
2011-02-11		3rd reading, passed 95-0
2011-02-10		posted for passage in the Consent Orders of the Day for Friday, February 11, 2011
2011-02-10		2nd reading, to Rules
2011-02-09		reported favorably, 1st reading, to Consent Calendar
2011-02-04		posted in committee
2011-02-03		to Licensing & Occupations (H)
2011-02-02		introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/11RS/HB288.htm
Text	http://www.lrc.ky.gov/record/11RS/HB288/bill.doc