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Committee advances amended bill clarifying appraiser evaluations and exemptions
Summary
The Senate Industry and Business Committee voted 5-0 to give a due-pass recommendation to an amended House Bill 13 54 that clarifies that appraisers may perform evaluations, defines real property, and adds an exemption allowing lenders to accept evaluations from non-appraisers for internal use.
Senators on the Industry and Business Committee voted 5-0 to give a due-pass recommendation to an amended House Bill 13 54 that revises state appraisal law to clarify the status of evaluations and who may prepare them.
Committee members, legislative counsel, representatives of the Appraisal Board and the Department of Financial Institutions discussed language changes intended to remove ambiguity about whether licensed appraisers may produce evaluations in addition to appraisals. Matt Mengi, an assistant…
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