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.
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.
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