Tuesday, February 2, 2010

Florida Senate - Bill Introduced to Regulate Appraisal Management Companies

Back in November we were excited to announce Representative Matt Hudson's introduction of HB 303, Regulation of Real Estate Appraisers & Appraisal Management Companies.

Today we can report a companion, S1552 - Appraisers & Appraisal Management Companies, has been filed by Senator Mike Fasano.

Appraisers & Appraisal Management Companies; Requires the Florida Real Estate Appraisal Board to adopt certain rules. Requires application, registration, and renewal fees for appraisal management companies. Requires such companies to register with the DBPR. Requires the fingerprinting and criminal history records checks of, and provides qualifications for, certain persons who control appraisal management companies, etc. EFFECTIVE DATE: 07/01/2010.

How about sending an email or fax to Senator Fasano to show your appreciation. Either that or give his office a phone call to let him know how important this bill is for the appraisal profession, the real estate market and consumer protection in Florida.

Here's the contact information:

District Office

8217 Massachusetts Avenue
New Port Richey, FL 34653-3111
Phone (727) 848-5885
(727) 841-4453

Tallahassee Office

404 Senate Office Building
404 South Monroe Street
Tallahassee, FL 32399-1100
Phone (850) 487-5062


Anonymous said...

Does this bill do anything to protect appraisers from the new legal form of extorsion created by HVCC or does it simply insure that the state of Florida will now be able to collect those millions of dollars in taxes that were escaping their grasp because of HVCC?

Every new state bill that I have read is being marketed in the form of consumer protection. Unfortunately nothing is written into these bills to protect borrowers or appraisers.

Michael Tipton said...

I have e-mailed my State Senator and Representative requesting their support of the proposed AMC regulation. Included in my e-mails was a link to your blog for their review of AMC actions that are not in the best interest of the citizens of Florida.