HB 22-1261 CO

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Became Law

The act implements most of the recommendations of the department of regulatory agencies, as contained in the department's sunset review of the board of real estate appraisers (board), as follows: Continues the board for 9 years, until September 1, 2031; Requires the board to adopt rules to authorize an exemption from compliance with the uniform standards of professional appraisal practice that would allow an appraiser to perform an evaluation instead of a full appraisal for a federally regulated financial institution and authorizes an appraiser to conduct an evaluation in accordance with the board's rules; Amends statute to comport with federal law, including updating the number of appraisers with which a licensed appraisal management company does business, updating the qualifications for licensure to require the minimum appraisal experience required by the Appraiser Qualifications Board of the Appraisal Foundation or its successor organization, clarifying that the federal regulating authorities that regulate a financial institution are exempted from state registration or licensure, and aligning the hours of continuing education required for reactivation of an inactive license with the number of hours required by the Appraiser Qualifications Board; Repeals the requirement that the board send letters of admonition by certified mail; and Clarifies that fines are assessed on a per-violation basis and reduces the maximum penalty from $2,000 to $1,000, which maximum penalty applies to any violation.(Note: This summary applies to this bill as enacted.)

• Dylan Roberts Democratic · primary
• Naquetta Ricks Democratic · primary
• Chris Hansen · primary
• Kevin Priola · primary

1. Jun 2, 2022 Governor Signed · executive
2. May 31, 2022 Sent to the Governor · executive
3. May 31, 2022 Signed by the President of the Senate · upper
4. May 27, 2022 Signed by the Speaker of the House · lower
5. Apr 26, 2022 Senate Third Reading Passed - No Amendments · upper
6. Apr 25, 2022 Senate Second Reading Special Order - Passed - No Amendments · upper
7. Apr 25, 2022 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
8. Apr 18, 2022 Senate Committee on Business, Labor, & Technology Refer Unamended to Appropriations · upper
9. Apr 7, 2022 Introduced In Senate - Assigned to Business, Labor, & Technology · upper
10. Apr 4, 2022 House Third Reading Passed - No Amendments · lower
11. Apr 1, 2022 House Second Reading Special Order - Passed with Amendments - Committee · lower
12. Apr 1, 2022 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
13. Mar 21, 2022 House Committee on Finance Refer Unamended to Appropriations · lower
14. Mar 16, 2022 House Committee on Business Affairs & Labor Refer Amended to Finance · lower
15. Feb 24, 2022 Introduced In House - Assigned to Business Affairs & Labor · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Signed Act (06/02/2022) · PDF
• Final Act (05/31/2022) · PDF
• Rerevised (04/26/2022) · PDF
• Revised (04/25/2022) · PDF
• Reengrossed (04/04/2022) · PDF
• Engrossed (04/01/2022) · PDF
• Introduced (02/24/2022) · PDF
• PA1 (03/17/2022) · PDF
• Committee Amendment · PDF