Jack Tate
- Republican
Primary
Section 1 of the bill amends the definition of 'appraisal management company' to contain all of the elements specified in recent amendments to Title XI of the federal 'Financial Institutions Reform, Recovery, and Enforcement Act of 1989' (FIRREA) and regulations adopted in furtherance of FIRREA. Section 1 also adds a definition of 'appraiser panel' to include appraisers working as independent contractors. Section 2 requires the state board of real estate appraisers to maintain a separate list of appraisal management companies (AMCs) that have an appraiser panel larger than the federal jurisdictional threshold of 15 appraisers in Colorado or 25 appraisers in all states in which the company operates. Section 3 directs the board to require that an AMC establish processes and controls to ensure compliance with the federal 'Truth in Lending Act' and applicable federal regulations. Section 4 directs the board to: Collect an annual registry fee from appraisal management companies that operate as subsidiaries of federally regulated financial institutions; and Transmit that fee to the federal financial institutions examinations council.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
Governor Signed
Sent to the Governor
Signed by the Speaker of the House
Signed by the President of the Senate
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed - No Amendments
House Committee on Appropriations Refer Unamended to House Committee of the Whole
House Committee on Finance Refer Unamended to Appropriations
House Committee on Business Affairs and Labor Refer Unamended to Finance
Introduced In House - Assigned to Business Affairs and Labor
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed - No Amendments
Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
Senate Committee on Finance Refer Unamended to Appropriations
Senate Committee on Business, Labor, & Technology Refer Unamended to Finance
Introduced In Senate - Assigned to Business, Labor, & Technology
| Bill Text Versions | Format |
|---|---|
| Committee Amendment | |
| Introduced (03/19/2018) | |
| Engrossed (04/11/2018) | |
| Reengrossed (04/12/2018) | |
| Revised (05/04/2018) | |
| Rerevised (05/07/2018) | |
| Final Act (05/16/2018) | |
| Signed Act (05/29/2018) |
| Document | Format |
|---|---|
| Fiscal Note SA1 (04/10/2018) | |
| Fiscal Note SA2 (05/04/2018) | |
| Fiscal Note FN1 (03/27/2018) | |
| Fiscal Note FN2 (09/11/2018) |
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