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MO HB292

Bill

Official Source

Status

Introduced

1/24/2011

Primary Sponsor

Michael Corcoran

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Repeals and replaces section 339.535, RSMo, regarding real estate appraiser standards

  • Requires state certified and state licensed real estate appraisers to comply with the Uniform Standards of Professional Appraisal Practice established by the Appraisal Standards Board of the Appraisal Foundation

  • Prohibits appraisers from using foreclosure prices as comparable properties when developing appraisals for properties in the subject area

Legislative Description

Prohibits state certified and state licensed real estate appraisers from using a property's foreclosure price as a comparable property when developing an appraisal

Last Action

Public Hearing Completed (H)

3/17/2011

Committee Referrals

Ways And Means1/27/2011

Full Bill Text

No bill text available