AN ACT TO BAR CIVIL ACTIONS FILED AFTER THE PERIOD OF RECORD RETENTION ESTABLISHED UNDER THE UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE OR FIVE YEARS, WHICHEVER IS GREATER, AND TO REQUIRE APPRAISAL MANAGEMENT COMPANIES TO ACCEPT CRIMINAL BACKGROUND CHECKS PERFORMED WITHIN THE PRECEDING TWELVE MONTHS.
Senate committee substitute makes the following changes to the 2nd edition.
Amends the act's long title.
Enacts new GS 93E-2-4(h) to provide that if a registered appraisal management company requires criminal background checks as a condition of employment or other type of work relationship, then it must accept criminal background checks that (1) have been conducted in the previous 12 months and (2) substantially conform to the requirements of GS 93E-2-11.
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