Bill > A05070

This bill establishes a ten-member Real Estate Appraiser Task Force designed to investigate and address racial disparities and bias in property appraisals. The task force, to be convened by the Commissioner of Taxation and Finance, will include representatives from various state government entities such as the Attorney General's office, Department of State, state legislature, and governor's office. The task force's primary objectives include identifying causes of racial disparities in property appraisals, strengthening fair housing enforcement, developing strategies to prevent unlawful discrimination, building a more diverse and accessible appraiser workforce, and empowering consumers to recognize and challenge potential appraisal bias. The task force is required to meet at least quarterly and will submit an initial comprehensive report to the governor and legislature within 12 months of the bill's effective date, with subsequent yearly updates. The bill includes provisions for examining barriers to entry in the appraisal profession, developing anti-bias training, and creating public awareness campaigns about appraisal rights. The task force and its associated provisions will automatically expire two years after the bill becomes law.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A5070