Committee approves amendment limiting appraisers' liability; HB 2477 reported unanimously
Representative McClintock's amendment to limit appraisers' liability to clients and named intended users was adopted and substitute House Bill 2477 was reported out of committee with a unanimous 15‑0 vote.
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Representative McClintock moved and the committee adopted an amendment (CPBH 3,366.1) to House Bill 2477 that limits appraisers' liability to the client and named intended users and defines appraisal reports as prepared for stated intended users. McClintock said the change provides guardrails requested by the Office of the Insurance Commissioner and appraisers and encouraged a yes vote.
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