UPDATE AS OF 05/09/2012
HB12-1110 passed through the 3rd and final reading in the Senate with a vote of 21 to 14. It will now be sent to the Governor's office for signature.
We again want to thank Marcia Waters, Colorado Coalition of Appraisers, and Gayle Berry for their support and diligence in getting this important legislation into law to protect consumers and appraisers.
Committee.UPDATE AS OF 05/04/2012
HB12-1110 passed through the Senate Business, Labor and Technology Committee 04/23 with a vote of 5 to 2 and was referred to the Senate Finance Committee. It passed out of the Finance Committee 05/01 with a vote of 4 to 3 and will now go to the Senate Appropriations Committee.
UPDATE AS OF 04/04/2012
HB12-1110 passed through the Appropriations Committee on 03/23 with a vote of 7 to 6. Passed through the full House today 4/04 with a vote of 35-29. Now onto the Senate!
After much discussion and a robust effort, HB12-1110 regarding the regulation of Appraisal Management Companies, passed through the House Committee on Economic and Business Development with a vote of 7 to 5 on Thursday 2/23 and passed through the House Finance Committee with a vote of 8 to 4 on Wednesday 3/7.
Many thanks to our CCA Lobbyist, Gayle Berry, for successfully moving this through the obstacles that came up on Tuesday 2/22 and her continued efforts with the members of the House Committee. These efforts were paramount in obtaining this affirmative vote. We would also like to thank Marcia Waters, who's professionalism and willingness to work with all stakeholders played a critical role, without which we would not have made it this far. The House Committee acknowledged the hard work that had gone into creating a bill that took into consideration all interested parties.
We thank all of our CAREA members who have supported CAREA's membership in the Colorado Coalition of Appraisers. Without your support, which affords the Coalition's ability retain Ms. Berry, we would not be seeing the success we did last week.
A great link to see all information on the bill is HERE
We will keep you updated as we move on through the process. Next up Appropriations Committee.
Your CAREA Board