SB20-047
Financial Institution Agent Analyses Not Real Estate Appraisal
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
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.
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 act adds these agents to the list of people who can make these exempt analyses.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 20-047 to the Committee of the Whole. | The motion passed on a vote of 10-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 20-047 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 5-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 02/27/2020 | Third Reading | BILL |
64
AYE
0
NO
1
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 01/31/2020 | Third Reading | BILL |
32
AYE
0
NO
3
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 03/11/2020 | Governor | Governor Signed |
| 03/04/2020 | Governor | Sent to the Governor |
| 03/04/2020 | House | Signed by the Speaker of the House |
| 03/03/2020 | Senate | Signed by the President of the Senate |
| 02/27/2020 | House | House Third Reading Passed - No Amendments |
| 02/26/2020 | House | House Third Reading Laid Over Daily - No Amendments |
| 02/25/2020 | House | House Second Reading Passed - No Amendments |
| 02/19/2020 | House | House Committee on Business Affairs & Labor Refer Unamended to House Committee of the Whole |
| 02/04/2020 | House | Introduced In House - Assigned to Business Affairs & Labor |
| 01/31/2020 | Senate | Senate Third Reading Passed - No Amendments |
| 01/30/2020 | Senate | Senate Second Reading Passed - No Amendments |
| 01/27/2020 | Senate | Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 01/08/2020 | Senate | Introduced In Senate - Assigned to Business, Labor, & Technology |
Prime Sponsor
Sponsor
(None)
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 09/14/2020 | 17 | Fin Inst Agent Analyses Not Real Estate Appraisal |