2020 House Bill 5481 / Public Act 250

Revise appraiser management service rules

Introduced in the House

Feb. 11, 2020

Introduced by Rep. Diana Farrington (R-30)

To revise a law that establishes standards for professional appraisal management services that administer a network of independent contract appraisers. The bill would add additional services to the services to the list that triggers a state licensure mandate on this profession.

Referred to the Committee on Financial Services

March 4, 2020

Reported without amendment

Refer to the Committee on Ways and Means with the recommendation that the substitute (H-1) be adopted.

Referred to the Committee on Ways and Means

May 19, 2020

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

June 3, 2020

Passed in the House 109 to 0 (details)

Received in the Senate

June 4, 2020

Referred to the Committee on Regulatory Reform

Aug. 6, 2020

Reported without amendment

With the recommendation that the bill pass.

Dec. 3, 2020

Passed in the Senate 37 to 0 (details)

To revise a law that establishes standards for professional appraisal management services that administer a network of independent contract appraisers. The bill would add additional services to the services to the list that triggers a state licensure mandate on this profession.

Signed by Gov. Gretchen Whitmer

Dec. 22, 2020