Maryland AMC Legislation Introduced
VaCAP has been asked by our neighbors in Maryland to help promote their AMC legislation. HB 64 was introduced into the General Assembly by Delegate Michael Jackson on January 10, 2018. The bill reduces the amount of time an AMC has to pay an appraiser from 60 days to 30 days.
The current language of the bill is as follows:
Article – Business Occupations and Professions
(a) Except in cases of breach of contract or substandard performance of services, an appraisal management company shall pay an appraiser for the completion of an appraisal or valuation assignment within  30 days after the appraiser provides the completed appraisal or valuation study to the appraisal management company or its assignee.
See the full entry here or below.
If you are licensed in Maryland, please support this effort by attending the committee hearing:
January 16, 2018 at 1:00 PM
Economic Matters Room – Room 231
Lowe House Office Building
6 Bladen St.
Annapolis, MD 231401
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