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Bill Detail: SB20-047

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Title Financial Institution Agent Analyses Not Real Estate Appraisal
Status Governor Signed (03/11/2020)
Bill Subjects
  • Professions & Occupations
House Sponsors T. Kraft-Tharp (D)
K. Van Winkle (R)
Senate Sponsors A. Williams (D)
J. Tate (R)
House Committee Business Affairs and Labor
Senate Committee Business, Labor and Technology
Date Introduced 01/08/2020
Description

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.

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