SECTION 1. Section 193 of Chapter 112 of the General Laws as appearing in the 2020 Official Edition is hereby amended by striking out the first and second paragraphs and inserting in place thereof the following paragraph: -
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 of at least five years after preparation or at least two years after final disposition of any judicial proceeding in which the appraiser provided testimony related to the assignment, whichever period expires last.
SECTION 2. This act shall take effect upon passage.
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.