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. Enacted August 5, 2015. Effective October 1, 2015.
Bill Summaries: H651 (2015-2016 Session)
Tracking:
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Bill H 651 (2015-2016)Summary date: Aug 10 2015 - View summary
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Bill H 651 (2015-2016)Summary date: Jul 27 2015 - View summary
Senate amendment makes the following changes to the 3rd edition.
Makes a technical change to proposed GS 93E-2-4(h), correcting a statutory reference.
Amends the effective date provisions, making the act effective October 1, 2015 (was, when the act became law), applying to contracts entered into, renewed, or amended on or after that date.
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Bill H 651 (2015-2016)Summary date: Jul 23 2015 - View summary
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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Bill H 651 (2015-2016)Summary date: Apr 27 2015 - View summary
House committee substitute makes the following changes to the 1st edition:
Deletes all the proposed changes to GS 93E-2-4, concerning criminal background checks of real estate appraisers.
Amends the act's long title.
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Bill H 651 (2015-2016)Summary date: Apr 15 2015 - View summary
Amends GS 1-51 concerning certain civil actions that must be commenced or filed in five years providing that such actions can be brought against licensed, certified, or registered real estate appraisers or trainees within (1) five years of the date the appraisal was performed or (2) within the time period required for retention of the work file for the appraisal, whichever is greater.
Amends GS 93E-2-4 to provide that if registered appraisal management companies require criminal background checks as a condition of employment or other type of work relationship, then they 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.