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HI SB2476
Bill
Status
2/27/2014
Primary Sponsor
Rosalyn Baker
Click for details
AI Summary
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Requires arbitration awards, records of awards, and supplementary opinions issued under chapter 466K to be public records.
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Mandates that real estate appraisers acting as arbitrators in submission agreements entered into after July 1, 2014, record all arbitration awards and related materials with the bureau of conveyances within 90 days of the award determination.
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Prohibits confidentiality agreements between parties or appraisers from preventing the recordation of arbitration awards, records, or supporting opinions.
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Makes failure to comply with recordation and public disclosure requirements a violation of real estate appraiser licensing or certification requirements under chapter 466K.
Legislative Description
Real Estate Appraisers; Arbitration Awards; Recordation; Non-confidentiality
Last Action
Passed Second Reading and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) Woodson excused (1).
3/11/2014