HB-5313, As Passed House, February 24, 2010

HOUSE BILL No. 5313

(As amended February 24, 2010)

September 2, 2009, Introduced by Reps. Nathan, Kandrevas and Leland and referred to the Committee on Regulatory Reform.

A bill to amend 1980 PA 299, entitled

"Occupational code,"

by amending section 2603 (MCL 339.2603), as amended by 1999 PA 170.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

Sec. 2603. (1) There is created a board of real estate

appraisers.

(2) Of those board members who are appraisers, 3 shall be

certified general real estate appraisers, 1 shall be a certified

residential real estate appraiser, and 2 shall be either state

licensed real estate appraisers or additional certified residential

real estate appraisers. [At least 1 of those appraisers ~~shall~~ may be

employed by a state or nationally chartered bank, a state or

federally chartered savings and loan or savings bank, a state or

federally chartered credit union, an entity of the federally