HB 2956
Professions and occupations; Oklahoma Appraisal Management Company Regulation Act; ownership; report; effective date.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes a regulatory framework for Appraisal Management Companies (AMCs) operating in Oklahoma. It focuses on defining ownership requirements for AMCs, mandating regular reporting to the Oklahoma Insurance Department, and setting an effective date for the new regulations. The goal is to increase oversight and accountability within the appraisal industry to protect consumers and ensure the integrity of property valuations.
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Cosponsors
Remove Representative Tedford as principal House author and substitute with Representative Norwood Add as coauthor Representative Tedford Add as principal Senate author Senator Reinhardt
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