SB53 Alabama 2018 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2018
Title
Appraisers and appraisal managerial companies, fees charged to be disclosed separately and distinctly, Alabama Real Estate Appraisers Board may adopt rules
Description
Under existing law, an appraisal management company may coordinate the appraisal of real estate for a fee
This bill would require the appraisal fee and any fee charged by the appraisal management company to be disclosed separately and distinctly on the closing statement
This bill would also authorize the Alabama Real Estate Appraisers Board to adopt applicable rules
Relating to real estate appraisers and appraisal management companies; to require the disclosure of certain appraisal fees; and to authorize the Alabama Real Estate Appraisers Board to adopt applicable rules.
Subjects
Appraisals
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 9, 2018 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 15, 2017 | Room 727 at 15:30 | Senate C&E Hearing |