GA Update December 2017
MBREA Government Affairs Update
December 2017
Beacon Hill continues to be a beehive of activity even as we approach the end of the year. Recent events resulted in reshuffling of Senate leadership causing a momentary delay in proceedings. As usual though, big ticket items take priority and time to work through.
The current legislative session – the 190th General Court – began in January 2017 and runs through the end of 2018. That’s good news when there are bills pending that we hope to see some action on although presently we are in a holding pattern until the New Year.
MBREA wrote and had filed these four bills in the current session that you may read by clicking on the bill #.
| Bill # | Bill Title | Summary | Sponsor(s) | Status (12/2017) |
| S104 | An Act providing consumers with equal protection for all real estate appraisals | Bill mandates that all appraisals of real property, for any use, be performed by a licensed or certified appraiser | Sen. Cynthia S. Creem Rep. Thomas J. Calter Rep. David Paul Linsky Rep. David T. Viera |
Bill was heard by the Joint Committee of Consumer Protection and Professional Licensure on May 9, 2017. Reported favorably and assigned to the Senate Committee on Ways and Means on August 3, 2017. |
| H577 | An Act regulating appraisal management companies | Bill satisfies the requirements of Dodd-Frank for the licensing of appraisal management companies | Rep. John W. Scibak Sen. Barbara A. L’Italien Sen. James E. Timilty Sen. Richard J. Ross Rep. Josh S. Cutler Rep. Jason M. Lewis Rep. Thomas J. Calter Rep. David Paul Linsky Rep. David T. Viera |
Bill was heard for the Joint Committee of Financial Services on June 7, 2017. |
| H1975 | An Act defining client, intended use and intended user in real property appraisal assignments and reports | Bill limits appraiser liability to the client and intended user(s) and only when used for the intended use, all of which would be identified in the appraisal report. | Rep. Edward F. Coppinger Rep. Thomas J. Calter Rep. David Paul Linsky Rep. David T. Viera |
Bill was heard by the Joint Committee of Consumer Protection and Professional Licensure on September 26, 2017. |
| H2000 | An Act providing timely consumer protection for users of real estate appraisal services | Bill limits the filing and investigation of complaints against an appraiser to the same time period as USPAP requires appraisers to retain workfiles. | Rep. Theodore C. Speliotis Rep. Thomas J. Calter Rep. David Paul Linsky Rep. David T. Viera |
Bill was heard by the Joint Committee of Consumer Protection and Professional Licensure on May 16, 2017 |
MBREA’s Government Affairs Committee is headed up by Chair Allan Cohen with tremendous support from the following MBREA members: Paul Charron, Tim Close, Gina DiRocco, Susan Kelly, Bill Lanciloti, RA, Rick Lipof, Teresa MacNutt, RA, Paul Morgan, Deb Olken, RA, Murray Regan, Tom Whiting,.