Bill Summary for S 600 (2015-2016)

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 600 (Public) Filed Thursday, March 26, 2015
AN ACT TO REQUIRE APPRAISAL MANAGEMENT COMPANIES TO COMPENSATE APPRAISERS IN COMPLIANCE WITH FEDERAL LAW AND TO ALLOW FEDERAL APPELLATE JUDGES TO PERFORM MARRIAGE CEREMONIES.
Intro. by Meredith, Rabon.

View: All Summaries for BillTracking:

Bill summary

House committee substitute makes the following changes to the 2nd edition.

Amends the bill's short and long titles.

Deletes all of the provisions of the previous edition and replaces them with the following.

Amends GS 93E-2-4, of the NC Appraisers Act, concerning real estate appraisal management companies, adding new subsection (i) which requires these companies to pay appraisers, for appraisal assignments of one- to four-family residential dwellings, customary and reasonable fees as providing for and in compliance with specified federal law.  Directs the NC Appraisal Board (Board) to adopt administrative rules to enforce these provisions. Also amends GS 93E-2-8, concerning the disciplinary authority of the Board, enacting new subdivision (9), which authorizes the Board to take disciplinary action for failure to compensate appraisers as required in above GS 93E-2-4(i). Effective January 1, 2017.

Amends GS 51-1 concerning those authorized to solemnize a marriage in North Carolina, adding Justices of the US Supreme Court and Judges of the US Court of Appeals to those so authorized. Makes conforming changes. Effective July 2, 2016, expiring on July 5, 2016.

© 2020 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.

Printer-friendly: Click to view