Bill

Bill > S2377


MA S2377

MA S2377
Providing consumers with equal protection for all real estate appraisals


summary

Introduced
06/27/2016
In Committee
12/15/2016
Crossed Over
06/27/2016
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

SENATE, Monday, June 27, 2016 - The committee on Ways and Means, to whom was referred the Senate Bill providing consumers with equal protection for all real estate appraisals (Senate, No. 131),-- reports, recommending that the same ought to pass with an amendment substituting a new draft with the same title (Senate, No. 2377).

AI Summary

This bill, titled "Providing consumers with equal protection for all real estate appraisals," aims to strengthen consumer protections by requiring individuals who prepare real estate appraisals or appraisal reports for a fee to be licensed or certified. Specifically, it amends existing Massachusetts General Laws, chapter 112, section 174, by removing a previous exception (subsection C) and inserting language that clarifies that anyone preparing an appraisal for compensation must hold a real estate appraisal license or certification. This change ensures that all consumers receive appraisals from qualified professionals, thereby promoting fairness and accuracy in real estate transactions. The act is set to become effective on January 1, 2017.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Senate Committee on Ways and Means (Senate)

Last Action

Ordered to a third reading (on 12/15/2016)

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