Montana legislation · 2025 Regular Session
Montana HB426: Clarifying laws related to real estate appraisers
Status: Vetoed, May 13, 2025
What the bill says
An act clarifying laws related to real estate appraiser revocations; specifying provisions for substantive cause in the revocation of licenses; revising provisions for applications for registration to comply with federal requirements; and amending section 37-54-503, mca.
From the engrossed text:
AN ACT CLARIFYING LAWS RELATED TO REAL ESTATE APPRAISER REVOCATIONS; SPECIFYING PROVISIONS FOR SUBSTANTIVE CAUSE IN THE REVOCATION OF LICENSES; REVISING PROVISIONS FOR APPLICATIONS FOR REGISTRATION TO COMPLY WITH FEDERAL REQUIREMENTS; AND AMENDING SECTION 37-54-503, MCA. Section 1. Section 37-54-503, MCA, is amended to read: "37-54-503. Owner requirements. (1) An appraisal management company applying for registration in this state may not be owned by: (a) a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked for substantive cause, or surrendered in lieu of a pending revocation in any state unless the license or certificate was subsequently granted or reinstated; or (b) another entity that is owned by a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked for substantive cause, or surrendered in lieu of a pending revocation in any state unless the license or certificate was subsequently granted or reinstated. (2) Each person who owns an appraisal management company in this and (b) shall submit to a background examination as determined by the board. (3) Each appraisal management company applying for registration in this state shall certify to the board that the appraisal management company has reviewed each person or entity that directly or indirectly owns the appraisal management company, in whole or …
Sponsors
- Moore, Valerie (R, 29) · primary sponsor
- Hunter, Gregg (R, 15)
Latest actions
- : (H) Vetoed by Governor
- : (H) Transmitted to Governor
- : (S) Signed by President
- : (H) Signed by Speaker
- : (H) Returned from Enrolling
- : (H) Sent to Enrolling
- : (S) 3rd Reading Concurred
- : (S) Scheduled for 3rd Reading
- : (S) 2nd Reading Concurred
- : Chapter Number Assigned
Votes
- Do Concur (March 24, 2025): 47 yea, 3 nay, passed
- Do Concur (March 21, 2025): 48 yea, 2 nay, passed
- Do Pass (February 21, 2025): 96 yea, 2 nay, passed
- Do Pass (February 20, 2025): 97 yea, 2 nay, passed
Subjects: Professions and Occupations Generally
Common questions
- What is HB426?
- HB426 is a bill in the Montana Legislature (2025 Regular Session): Clarifying laws related to real estate appraisers.
- What does HB426 do?
- In its own words: An act clarifying laws related to real estate appraiser revocations; specifying provisions for substantive cause in the revocation of licenses; revising provisions for applications for registration to comply with federal requirements; and amending section 37-54-503, mca.
- What is the status of HB426?
- Vetoed as of May 13, 2025. Latest action: (H) Vetoed by Governor (May 13, 2025).
- Who sponsored HB426?
- Moore, Valerie (R, 29), with 1 co-sponsor.
- Where is the official record for HB426?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC1511
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.