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NJ S1785
Bill
Status
1/9/2024
Primary Sponsor
Angela Mcknight
Click for details
AI Summary
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Prohibits licensed or certified real estate appraisers and registered appraisal management companies from discriminating in residential property appraisals based on the property buyer's or seller's race, creed, color, or national origin
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Authorizes the State Real Estate Appraiser Board to suspend or revoke licenses, certifications, or registrations, and to levy fines or civil penalties against holders who knowingly engage in discriminatory appraisals
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Requires the board to conduct an appropriate investigation before determining whether discrimination occurred
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Mandates written notification to license holders explaining the reasons for any disciplinary action, with opportunity for a hearing under the Administrative Procedure Act
Legislative Description
Permits State Real Estate Appraiser Board to revoke, suspend, or fine appraisers or appraisal management companies who knowingly engage in discriminatory appraisals of residential property on basis of race or national origin.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/9/2024