LAWRENCE J. HOGAN, JR., Governor Ch. 654
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Chapter 654
(House Bill 1097)
AN ACT concerning
Task Force on Property Appraisal and Valuation Equity
FOR the purpose of establishing the Task Force on Property Appraisal and Valuation
Equity to study the misvaluation and undervaluation of property owned by
minorities; and generally relating to the Task Force on Property Appraisal and
Valuation Equity.
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND,
That:
(a) There is a Task Force on Property Appraisal and Valuation Equity.
(b) The Task Force consists of the following members:
(1) one member of the Senate of Maryland, appointed by the President of
the Senate;
(2) two members of the House of Delegates, appointed by the Speaker of
the House;
(3) (1) the Secretary of Housing and Community Development, or the
Secretary’s designee;
(4) (2) the Secretary of Labor, or the Secretary’s designee;
(5) (3) the Director of Assessments and Taxation;
(6) (4) one representative of the Consumer Protection Division of the
Office of the Attorney General, appointed by the Attorney General;
(7) (5) one representative from the field of alternative dispute
resolution, appointed by the Chief Judge of the Maryland Court of Appeals;
(8) (6) two representatives of an association for appraisers, appointed
by the Governor;
(9) (7) two representatives of the banking industry:
(i) one appointed by the President of the Senate; and
(ii) one appointed by the Speaker of the House; Ch. 654 2022 LAWS OF MARYLAND
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(10) (8) the following members appointed by the President of the Senate:
(i) one representative from the Maryland Association of Counties;
(ii) one member of the Maryland Building Industry Association; and
(iii) four representatives of the general public with a primary
residence in Prince George’s County the State; and
(11) (9) the following members appointed by the Speaker of the House:
(i) one representative from the Maryland Municipal League;
(ii) one member of the Maryland Association of Realtors; and
(iii) four representatives of the general public with a primary
residence in Prince George’s County the State.
(c) The members of the Task Force shall elect from among the members the chair
of the Task Force.
(d) The Department of Housing and Community Development shall provide staff
for the Task Force.
(e) A member of the Task Force:
(1) may not receive compensation as a member of the Task Force; but
(2) is entitled to reimbursement for expenses under the Standard State
Travel Regulations, as provided in the State budget.
(f) The Task Force shall address the persistent misvaluation and undervaluation
of property owned by minorities by:
(1) studying strategies and actions that will:
(i) help ensure that governmental oversight and industry standards
and practices further valuation equity;
(ii) increase training of appraisers to combat valuation bias;
(iii) remove barriers to entry into the appraisal profession by
minorities;
LAWRENCE J. HOGAN, JR., Governor Ch. 654
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(iv) assist in the development of a model for a meaningful
reconsideration of value process; and
(v) reduce or eliminate bias related to automated valuation models
and alternative property valuation methods; and
(2) identify legislative or other policy recommendations that will provide a
comprehensive and coordinated approach for reducing bias in valuations, through
enforcement, compliance, or other methods.
(g) On or before October 31, 2023, the Task Force shall report its findings and
recommendations to the Governor and, in accordance with § 2 –1257 of the State
Government Article, the General Assembly.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June
1, 2022. It shall remain effective for a period of 2 years and 1 month and, at the end of June
30, 2024, this Act, with no further action required by the General Assembly, shall be
abrogated and of no further force and effect.
Enacted under Article II, § 17(c) of the Maryland Constitution, May 29, 2022.