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Committee adopts amendments to appraisal-management company bill to align with federal ASC rules
Summary
The Committee on Industry and Business voted 5-0 to adopt proposed amendments and give a due-pass recommendation to the amended bill regulating appraisal management companies, saying changes were clerical and brought statute into compliance with Appraisal Subcommittee standards.
The Committee on Industry and Business voted unanimously to adopt amendments and give a due-pass recommendation to the appraisal-management bill presented March 4, a measure the committee said updates state law to align with Appraisal Subcommittee (ASC) and interagency rules.
Jill Beck, chief executive officer of the North Dakota Association of Realtors, and Jody Campbell,…
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