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SB20-047

Financial Institution Agent Analyses Not Real Estate Appraisal

Concerning an exemption from the definition of a real estate appraisal of analyses prepared by agents of financial institutions for the institutions' internal use only.
Session:
2020 Regular Session
Subject:
Professions & Occupations
Bill Summary

Current law exempts from the definition of a "real estate appraisal" certain analyses prepared by an officer, director, or regularly salaried employee of a financial institution or its affiliate when the analyses are used for internal purposes only. Federal law also exempts such analyses when they are prepared by an agent of a financial institution or its affiliate. The bill adds these agents to the list of people who can make these exempt analyses.
(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. J. Tate, Sen. A. Williams
Rep. T. Kraft-Tharp, Rep. K. Van Winkle

Sponsor

Co-sponsor

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