Both the BPO Bill and the AMC Bill are now Law.  MSCAPP members received copies of the bills as passed last week, a summation of the efforts on the amendments by MSCAPP Legislative Chairman Bill Williams and a synopsis of the BPO bill.  Untold hours were spent on these two bills by the MSCAPP Legislative Committee, the Appraisal Institute and the MSCAPP lobbyists.  Bill Williams sums the process up this way, "Politics is always a tug of war with all interested parties trying to craft legislation in their favor.  That is the nature of the game, as we all know. I am exceedingly glad the appraisal industry got a “seat at the table” in this process and was able to be highly influential, in changing what would have been totally awful legislation for the appraisal industry and the general public into more or less acceptable legislation.  The appraisal industry clearly would have liked to have both bills contain even stronger language than they do.  But the fact that they contain anything at all favorable to the appraiser’s point of view is a tribute to the hard work put in by all the appraisal industry participants."   MAB and MREC will begin the process of writing Rules and Regulations administering these two bills in April.  They will be taking comments regarding both bills so Appraisers are encouraged to stay alert the next two months on this process and send comments on these two bills when requested.   For a copy of the BPO bill in its final form, click here.  For a copy of the AMC bill, click here.

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Legislative News

Aug 26, 2013 by JEAN McCARTY
Pursuant to the Appraisal Management Company Registration Act, all appraisal... Read More...
May 30, 2012 by JEAN McCARTY
The Amendments to the Ms AMC Registration Act are now law.  You can read... Read More...

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