Connecticut 2013 2013 Regular Session

Connecticut House Bill HB05638 Introduced / Bill

Filed 01/22/2013

                    General Assembly  Proposed Bill No. 5638
January Session, 2013  LCO No. 2236
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
REP. DAVIS C., 57th Dist.

General Assembly

Proposed Bill No. 5638 

January Session, 2013

LCO No. 2236

Referred to Committee on INSURANCE AND REAL ESTATE 

Introduced by:

REP. DAVIS C., 57th Dist.

AN ACT DECREASING THE TIME FRAME FOR PAYMENT BY AN APPRAISAL MANAGEMENT COMPANY TO AN APPRAISER.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That chapter 400g of the general statutes be amended to decrease the time frame for payment by an appraisal management company to an appraiser for an appraisal or valuation assignment from sixty days to thirty days.

Statement of Purpose: 

To decrease the time frame for payment by an appraisal management company to an appraiser for an appraisal or valuation assignment from sixty days to thirty days.