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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.
2020 Regular Session
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 act adds these agents to the list of people who can make these exempt analyses.

(Note: This summary applies to this bill as enacted.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    03/11/2020 Signed Act PDF
    03/04/2020 Final Act PDF
    02/27/2020 Rerevised PDF
    02/25/2020 Revised PDF
    01/31/2020 Reengrossed PDF
    01/30/2020 Engrossed PDF
    01/08/2020 Introduced PDF

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details