SB 71 Eliminates a requirement that banks, savings institutions, and credit unions file a certain notice with the Missouri Real Estate Appraisers Commission and modifies other provisions relating to housing and real estate
Sponsor: Parson
LR Number: 0661S.01P Fiscal Note: 0661-01P.ORG
Committee: Financial and Governmental Organizations and Elections
Last Action: 5/13/2011 - S Calendar S Bills with H Amendments--SB 71-Parson, with HSA 1 for HA 1, as amended & HA 2 Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2011

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Current Bill Summary


SB 71 - Currently, certain banks, savings institutions, and credit unions are required to file a notice with the Missouri Real Estate Appraisers Commission that includes some of the same information and certifications that real estate appraisal management companies must file. This act eliminates the requirement that these banks, savings institutions, and credit unions file this notice.

EMILY KALMER

HSA 1 FOR HA 1 - THIS AMENDMENT MAKES THE EXECUTIVE DIRECTOR OF THE MISSOURI HOUSING DEVELOPMENT COMMISSION, INCLUDING THE CURRENT EXECUTIVE DIRECTOR, SUBJECT TO THE ADVICE AND CONSENT OF THE SENATE. THE EXECUTIVE DIRECTOR WILL SERVE THREE YEAR TERMS AND BE SUBJECT TO THE ADVICE AND CONSENT OF THE SENATE FOR ANY ADDITIONAL TERM. THE EXECUTIVE DIRECTOR SHALL ONLY IMPLEMENT THOSE POLICIES APPROVED BY THE COMMISSION.

HA1 TO HSA 1- THIS AMENDMENT MAKES THE OPERATING BUDGET OF THE MISSOURI HOUSING DEVELOPMENT COMMISSION SUBJECT TO ANNUAL APPROPRIATION.

HA 2 - THIS AMENDMENT REQUIRES THAT IN ST. LOUIS CITY, ST. LOUIS COUNTY, AND JACKSON COUNTY AT LEAST ONE OF THE THREE COMMISSIONERS APPOINTED BY THE COURT IN CONDEMNATION PROCEEDINGS BE EITHER A LICENSED REAL ESTATE BROKER, OR A LICENSED OR CERTIFIED REAL ESTATE APPRAISER.

THIS AMENDMENT IS SIMILAR TO SB 61 (2011), HB 625 (2011), SB 776 (2010) AND HB 1973 (2010).