MISSISSIPPI LEGISLATURE

2018 Regular Session

To: Business and Financial Institutions

By: Senator(s) Parks

Senate Bill 2575

AN ACT TO PROHIBIT REGISTERED APPRAISAL MANAGEMENT COMPANIES FROM REQUIRING A CRIMINAL BACKGROUND CHECK AS A CONDITION OF EMPLOYMENT AND TO ACCEPT IN LIEU THEREOF A NEW LICENSE OR RENEWAL ISSUED BY THE MISSISSIPPI REAL ESTATE APPRAISER LICENSING AND CERTIFICATION BOARD; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  A registered appraisal management company may not require a criminal background check from a licensee as a condition of employment, contractual relationship, or access to an appraisal portal and shall accept in lieu thereof a new license or the renewal of an existing license issued after the criminal history record check required under Sections 73-34-14 and 73-34-27.  Should an appraisal management company elect to seek an additional background check for its own purposes, the expense or cost thereof shall not be charged to or assessed against the licensee.

     SECTION 2.  This act shall take effect and be in force from and after July 1, 2018.