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CT HB05637

Bill

Official Source

Status

Introduced

1/23/2013

Primary Sponsor

Marilyn Giuliano

Click for details

Origin

House of Representatives

2013 General Assembly

AI Summary

  • Require appraisal management companies operating in the state to post a bond of not less than $1,000,000 payable to the Department of Consumer Protection
  • Bond funds are to reimburse certified or licensed appraisers for services rendered but not paid by appraisal management companies
  • Require the Department of Consumer Protection to perform background checks on appraisal management companies before issuing certificates of registration
  • Commissioner of Consumer Protection must complete background check before issuing a certificate of registration to any applicant appraisal management company

Legislative Description

An Act Concerning Appraisal Management Companies.

Last Action

Public Hearing 02/14

2/8/2013

Committee Referrals

Insurance and Real Estate1/23/2013

Full Bill Text

No bill text available