Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 16, 2019 |
signed chap.667 |
Dec 10, 2019 |
delivered to governor |
Jun 17, 2019 |
returned to assembly passed senate 3rd reading cal.1439 substituted for s6249 |
Jun 17, 2019 |
substituted by a8024 ordered to third reading cal.1439 committee discharged and committed to rules |
May 29, 2019 |
referred to finance |
Senate Bill S6249
Signed By Governor2019-2020 Legislative Session
Sponsored By
(D) 10th Senate District
Archive: Last Bill Status Via A8024 - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2019-S6249 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8024
- Law Section:
- Executive Law
- Laws Affected:
- Amd §160-jjjj, Exec L
2019-S6249 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6249 SPONSOR: SANDERS TITLE OF BILL: An act to amend the executive law, in relation to clarifying the employee requirements for appraisal management companies PURPOSE OR GENERAL IDEA OF BILL: This bill would clarify the employee requirements for appraisal manage- ment companies. SUMMARY OF SPECIFIC PROVISIONS: Section one of the bill amends section 160-jjjj of the executive law as it relates to clarifying that an appraisal management company may hire or contract a person for property inspections or property evaluations if they are licensed as an appraiser, real estate broker, or home inspec- tor, or a person for a broker price opinion if they are licensed as a real estate broker. Section two of the bill relates to the effective date.
2019-S6249 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6249 2019-2020 Regular Sessions I N S E N A T E May 29, 2019 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the executive law, in relation to clarifying the employ- ee requirements for appraisal management companies THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 3 of section 160-jjjj of the executive law, as added by chapter 517 of the laws of 2018, is amended to read as follows: 3. An appraisal management company may not hire, employ or engage, or in any way contract with or pay a person who is not licensed or certi- fied as a real estate appraiser by the department pursuant to article six-E of this chapter[, unless the work being performed is a comparative market analysis for the purpose of or intention to list or sell real estate] FOR THE PURPOSES OF PERFORMING AN APPRAISAL AS DEFINED IN THIS ARTICLE. NOTHING IN THIS SECTION SHALL PROHIBIT AN APPRAISAL MANAGEMENT COMPANY FROM HIRING, EMPLOYING, ENGAGING OR CONTRACTING WITH OR PAYING A PERSON TO PERFORM A PROPERTY INSPECTION, OR PROPERTY EVALUATION IF THEY ARE LICENSED AS AN APPRAISER, A REAL ESTATE BROKER INCLUDING ASSOCIATE REAL ESTATE BROKERS AND REAL ESTATE SALESPERSONS PURSUANT TO ARTICLE TWELVE-A OF THE REAL PROPERTY LAW OR A HOME INSPECTOR PURSUANT TO ARTI- CLE TWELVE-B OF THE REAL PROPERTY LAW, OR A PERSON TO PERFORM A BROKER PRICE OPINION IF THEY ARE LICENSED AS A REAL ESTATE BROKER INCLUDING ASSOCIATE REAL ESTATE BROKERS AND REAL ESTATE SALESPERSONS PURSUANT TO ARTICLE TWELVE-A OF THE REAL PROPERTY LAW. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13036-01-9
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