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Bill > SB2728


HI SB2728

HI SB2728
Relating To Appraisal Management Companies.


summary

Introduced
01/19/2024
In Committee
03/07/2024
Crossed Over
03/05/2024
Passed
Dead
05/03/2024

Introduced Session

2024 Regular Session

Bill Summary

Reestablishes the Appraisal Management Company Registration Program within the Department of Commerce and Consumer Affairs to conform with the minimum standards of the Appraisal Management Companies Final Rule and federal Dodd-Frank Wall Street Reform and Consumer Protection Act. Reestablishes registration requirements, standards, and penalties for violations. Makes appropriations from the Compliance Resolution Fund. Effective / /2050, 7/1/2050, and 9/30/2050. (SD2)

AI Summary

This bill reestablishes the Appraisal Management Company Registration Program within the Department of Commerce and Consumer Affairs to conform with the minimum standards of the Appraisal Management Companies Final Rule and the federal Dodd-Frank Wall Street Reform and Consumer Protection Act. It reestablishes registration requirements, standards, and penalties for violations, and makes appropriations from the Compliance Resolution Fund. The bill is effective September 30, 2050, with certain sections taking effect earlier on July 1, 2050 and , 2050.

Committee Categories

Budget and Finance, Business and Industry, Labor and Employment

Sponsors (4)

Last Action

Referred to LGO, CPC, FIN, referral sheet 16 (on 03/07/2024)

bill text


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