June 3, 2008, Introduced by Senators GEORGE, KAHN and BIRKHOLZ and referred to the Committee on Economic Development and Regulatory Reform.
A bill to amend 1980 PA 299, entitled
"Occupational code,"
by amending section 2603 (MCL 339.2603), as amended by 1999 PA 170.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 2603. (1) There is created a board of real estate
appraisers.
(2) Of those board members who are appraisers, 3 shall be
certified general real estate appraisers, 1 shall be a certified
residential real estate appraiser, and 2 shall be either state
licensed real estate appraisers or additional certified residential
real estate appraisers. At least 1 of those appraisers shall be
employed by a state or nationally chartered bank, a state or
federally chartered savings and loan or savings bank, a state or
federally chartered credit union, an entity of the federally
chartered farm credit system, or an entity regulated under the
mortgage brokers, lenders, and servicers licensing act, 1987 PA
173, MCL 445.1651 to 445.1684.