4234: COMMITTEE SUMMARY (Date Completed: 10-6-09) - LAPSED APPRAISER LICENSE: EXAM

LAPSED APPRAISER LICENSE: EXAM H.B. 4234: COMMITTEE SUMMARY
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House Bill 4234 (as passed by the House)
Sponsor: Representative David Nathan
House Committee: Banking and Financial Services
Senate Committee: Economic Development and Regulatory Reform

Date Completed: 10-6-09

CONTENT
The bill would repeal Section 2629 of the Occupational Code, which requires an applicant for relicensure as a certified general real estate appraiser, a certified residential real estate appraiser, or a State licensed real estate appraiser to complete the applicable licensing examination if his or her license has lapsed for three or more continuous years. Also, under Section 2629, the Code's continuing education requirements for appraisers with those licenses do not apply to an individual renewing his or her license in the year in which the original license is issued.

MCL 339.2629 Legislative Analyst: Patrick Affholter

FISCAL IMPACT
The bill would have no fiscal impact on State or local government.

Fiscal Analyst: Elizabeth Pratt Maria Tyszkiewicz

Analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent. hb4234/0910