ACT 118, HB50 HD3 SD2 CD1, 7/10/2017Posted on Jul 13, 2017 in 2017 Acts
RELATING TO APPRAISAL MANAGEMENT COMPANIES
Establishes an appraisal management company registration program within the Department of Commerce and Consumer Affairs to conform to minimum standards of the Appraisal Management Companies Final Rule and federal Dodd-Frank Wall Street Reform and Consumer Protection Act. Establishes registration requirements, standards, and penalties for violations. Appropriates funds from the Compliance Resolution Fund.