Kentucky
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Senate Bill 66

Actions | Amendments
Last Action posting waived
Title AN ACT relating to real estate appraisal management companies.
Bill Documents Bill
Bill Request Number 898
Sponsor D. Seum
Summary of Original Version Create new sections of KRS Chapter 324A to define terms related to real estate appraisal management companies; require registration of real estate appraisal management companies with the board and provide qualifications and limitations on registration; establish a filing fee of not more than $5,000 and require surety bond; provide requirements for registered companies and their employees, directors, officers, and agents; require executive director of the board to maintain a register of all applicants; grant board the authority to penalize registrants for specified offenses; exempt specified parties from provisions of the Act; specify that the Act shall be known as the Kentucky Appraisal Management Company Registration Act.
Index Headings of Original Version Administrative Regulations and Proceedings - Real Estate Appraisers Board, appraisal management companies, registration fees
Consumer Affairs - Real estate appraisal management companies, business practices of
Fees - Real estate appraisal management companies, registration fee
Licensing - Real estate appraisal management companies, registration of
Occupations and Professions - Real estate appraisal management companies, business practices of
Small Business - Real estate appraisal management companies, business practices of
Popular Names and Short Titles - Kentucky Appraisal Management Company Registration Act
Proposed Amendments Senate Committee Substitute 1
Senate Floor Amendment 1
Votes Vote History

Actions

Top | Amendments
01/05/10
  • introduced in Senate
01/06/10
  • to Licensing, Occupations & Administrative Regulations (S)
03/09/10
  • reported favorably, 1st reading, to Calendar with Committee Substitute
03/10/10
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Monday, March 15, 2010
  • floor amendment (1) filed to Committee Substitute
03/15/10
  • 3rd reading, passed 34-0 with Committee Substitute, floor amendment (1)
03/16/10
  • received in House
03/18/10
  • to Licensing & Occupations (H)
03/22/10
  • posting waived

Proposed Amendments

Top | Actions
Amendment Senate Committee Substitute 1
Summary Retain original provisions except delete the provision that a registrant shall not hire a real estate broker to perform a broker's price opinion or comparative market analysis to be used in lieu of an appraisal.
Index Headings Administrative Regulations and Proceedings - Real Estate Appraisers Board, appraisal management companies, registration fees
Consumer Affairs - Real estate appraisal management companies, business practices of
Fees - Real estate appraisal management companies, registration fee
Licensing - Real estate appraisal management companies, registration of
Occupations and Professions - Real estate appraisal management companies, business practices of
Small Business - Real estate appraisal management companies, business practices of
Popular Names and Short Titles - Kentucky Appraisal Management Company Registration Act

Amendment Senate Floor Amendment 1
Sponsor D. Seum
Summary Modify the filing fee the Kentucky Real Estate Appraisers Board may charge an appraisal management company from a maximum of $5,000 to a reasonable fee as set by the board.
Index Headings Administrative Regulations and Proceedings - Real Estate Appraisers Board, appraisal management companies, registration fees
Consumer Affairs - Real estate appraisal management companies, business practices of
Fees - Real estate appraisal management companies, registration fee
Licensing - Real estate appraisal management companies, registration of
Occupations and Professions - Real estate appraisal management companies, business practices of
Small Business - Real estate appraisal management companies, business practices of
Popular Names and Short Titles - Kentucky Appraisal Management Company Registration Act

Last updated: 8/28/2019 7:34 AM (EDT)