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MD HB78

MD HB78
State Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors - Sunset Extension and Report


summary

Introduced
01/08/2025
In Committee
03/27/2025
Crossed Over
02/13/2025
Passed
Dead
04/08/2025

Introduced Session

Potential new amendment
2025 Regular Session

Bill Summary

Continuing the State Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors in accordance with the provisions of the Maryland Program Evaluation Act (sunset law) by extending to July 1, 2031, the termination provisions relating to the statutory and regulatory authority of the Commission; and requiring the Maryland Department of Labor to submit a report with information regarding the Commission to the Joint Audit and Evaluation Committee on or before July 1, 2028.

AI Summary

This bill extends the sunset (expiration) date for the State Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors from July 1, 2026 to July 1, 2031, effectively continuing the Commission's statutory and regulatory authority for an additional five years. The bill also requires the Maryland Department of Labor to submit a report to the Joint Audit and Evaluation Committee by July 1, 2028, providing information about the Commission as specified by the committee. The sunset law provisions, which are part of the Maryland Program Evaluation Act, allow for periodic review of state agencies to ensure their continued necessity and effectiveness. The bill will take effect on October 1, 2025, and ensures that the Commission can continue its oversight and regulatory functions related to real estate appraisers, appraisal management companies, and home inspectors during this extended period.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Economic Matters (H)

Last Action

Senate Conference Committee Appointed (Senators Hayes, Gile and Mautz) (on 04/07/2025)

bill text


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