summary
Introduced
06/06/2018
06/06/2018
In Committee
12/27/2018
12/27/2018
Crossed Over
12/27/2018
12/27/2018
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Regulating appraisal management companies.
AI Summary
This bill regulates appraisal management companies (AMCs) in Massachusetts. It establishes a state board to oversee the registration and conduct of AMCs, which provide services related to real estate appraisals, such as recruiting and managing appraisers. The bill sets forth requirements for AMC registration, including background checks and certifications around the company's appraisal review processes. It prohibits AMCs from taking certain actions to influence appraisers, such as offering financial incentives or threatening to withhold business. The bill also gives the state board the authority to investigate and impose penalties on AMCs that violate the regulations.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
No further action taken (on 01/01/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H4566 |
| Bill | https://malegislature.gov/Bills/190/H4566.pdf |
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