Loading chat...
MI HB4928
Bill
Status
9/11/2025
Primary Sponsor
Mike Hoadley
Click for details
AI Summary
-
Removes the 18-month time limit for filing complaints against licensed real estate appraisers for misconduct violations, eliminating deadlines tied to the alleged violation date, appraisal delivery date, or expert witness appraisal delivery date
-
Maintains existing penalties for appraisers who violate standards, including fines up to $15,000 and imprisonment up to 1 year for violations related to improper appraisal practices in real estate financial transactions
-
Retains prohibitions against appraisers accepting work conditioned on predetermined appraisal outcomes or payment contingent on reaching a desired minimum appraised value
-
Makes minor grammatical and stylistic updates to existing statutory language throughout the section
Legislative Description
Occupations: appraisers; reporting window for misconduct related to appraisals; remove. Amends sec. 2635 of 1980 PA 299 (MCL 339.2635).
Occupations: appraisers
Last Action
Bill Electronically Reproduced 09/11/2025
9/16/2025