Loading chat...
AL HB309
Bill
Status
2/20/2020
Primary Sponsor
Kelvin Lawrence
Click for details
AI Summary
-
Amends Sections 34-27A-15 and 34-27A-55 of the Alabama Code to clarify that real estate appraisers renewing licenses must pay late renewal, application, and filing fees prescribed by the State Real Estate Appraisers Board.
-
Changes renewal fee language from "a late renewal fee" to "late renewal fees" for appraisers who fail to renew prior to expiration or within the board-granted extension period.
-
Modifies appraisal management company registration requirements to specify payment of "application fees" and "late filing fees" (plural) in addition to the required $25,000 surety bond.
-
Applies the same fee clarifications to appraisal management company reinstatement requests after registration expiration.
-
Takes effect on the first day of the third month following passage and approval by the Governor.
Legislative Description
Real Estate Appraisers, appraisal management companies, to change renewal license fees, Secs.34-27A-15, 34-27A-55 am'd.
Real Estate Appraisers
Last Action
Read for the first time and referred to the House of Representatives committee on Boards, Agencies and Commissions
2/20/2020