S*0877 (Rat #0215, Act #0197 of 2018) General Bill, By Alexander
Summary: Appraisal management company registration requirements
    AN ACT TO AMEND SECTION 40-60-330, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO FINANCIAL STATEMENTS THAT APPRAISAL MANAGEMENT COMPANIES MUST PROVIDE WHEN REGISTERING WITH THE REAL ESTATE APPRAISERS BOARD, SO AS TO PROVIDE REGISTRANTS ALTERNATIVELY MAY CHOOSE TO PROVIDE SURETY BONDS IN AMOUNTS NOT TO EXCEED FIFTY THOUSAND DOLLARS, TO PROVIDE APPRAISAL MANAGEMENT COMPANIES ARE RESPONSIBLE FOR THE COSTS OF SUCH SURETY BONDS, AND TO PROVIDE THESE REGISTRATION REQUIREMENTS DO NOT APPLY TO INDIVIDUAL APPRAISERS OR INDIVIDUAL APPRAISERS SERVING ON APPRAISAL PANELS OF APPRAISAL MANAGEMENT COMPANIES; AND TO AMEND SECTION 40-1-70, RELATING TO POWERS AND DUTIES OF PROFESSIONAL AND OCCUPATIONAL LICENSING BOARDS, SO AS TO INCLUDE FILING CLAIMS AGAINST ANY SURETY BONDS ON BOARD-APPROVED FORMS IN ACCORDANCE WITH BOARD-ESTABLISHED PROCEDURES. - ratified title
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01/09/18	Senate	Introduced and read first time (Senate Journal-page 88)
01/09/18	Senate	Referred to Committee on Labor, Commerce and Industry (Senate Journal-page 88)
02/20/18	Senate	Committee report: Favorable with amendment Labor, Commerce and Industry (Senate Journal-page 11)
03/13/18	Senate	Committee Amendment Adopted (Senate Journal-page 24)
03/13/18	Senate	Amended (Senate Journal-page 24)
03/14/18	Senate	Read second time (Senate Journal-page 14)
03/14/18	Senate	Roll call Ayes-41 Nays-0 (Senate Journal-page 14)
03/15/18	Senate	Read third time and sent to House (Senate Journal-page 17)
03/20/18	House	Introduced and read first time (House Journal-page 107)
03/20/18	House	Referred to Committee on Labor, Commerce and Industry (House Journal-page 107)
04/26/18	House	Committee report: Favorable Labor, Commerce and Industry (House Journal-page 78)
05/02/18	House	Requests for debate-Rep(s). Williams, King, Brawley, Pendarvis, Kirby, Hosey, Brown, Gilliard (House Journal-page 98)
05/02/18	House	Requests for debate removed-Rep(s). Kirby (House Journal-page 105)
05/03/18	House	Requests for debate removed-Rep(s). Brawley, Brown, Pendarvis, Hosey, King (House Journal-page 23)
05/03/18	House	Read second time (House Journal-page 23)
05/03/18	House	Roll call Yeas-93 Nays-0 (House Journal-page 24)
05/03/18	House	Unanimous consent for third reading on next legislative day (House Journal-page 25)
05/04/18	House	Read third time and enrolled (House Journal-page 3)
05/14/18		Ratified R 215
05/15/18		Signed By Governor
05/23/18		Effective date 05/15/18
05/31/18		Act No. 197