HOUSE DOCKET, NO. 2457        FILED ON: 2/17/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 314

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Nicholas A. Boldyga

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act amending real estate appraiser record retention requirements.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Nicholas A. Boldyga

3rd Hampden

2/17/2021

Kay Khan

11th Middlesex

3/2/2021

David F. DeCoste

5th Plymouth

3/2/2021

Michael P. Kushmerek

3rd Worcester

3/12/2021


HOUSE DOCKET, NO. 2457        FILED ON: 2/17/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 314

By Mr. Boldyga of Southwick, a petition (accompanied by bill, House, No. 314) of Nicholas A. Boldyga and others relative to real estate appraiser record retention requirements.  Consumer Protection and Professional Licensure.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Second General Court
(2021-2022)

_______________

 

An Act amending real estate appraiser record retention requirements.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Section 193 of Chapter 112 of the General Laws as appearing in the 2018 Official Edition is hereby amended by striking out the first and second paragraphs and inserting in place thereof the following two paragraphs: -

Each state certified general, state certified residential, or state licensed real estate appraiser must retain originals or true copies of all written contracts engaging his services for real property appraisal work and all reports and supporting data assembled and formulated by the appraiser in preparing such reports for a period as set forth in the Record Keeping Rule of the Uniform Standards of Professional Appraisal Practice as developed by the Appraisal Standards Board of the Appraisal Foundation.

All records required to be maintained under the provisions of this section shall be made available by the state-certified or state-licensed real estate appraiser for inspection and copying by the board on reasonable notice to the appraiser.

SECTION 2. The title of Section 193 of Chapter 112 is replaced as follows: - Record Retention Requirements.

SECTION 3. This act shall take effect upon passage.