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NebraskaLB139109th Legislature 1st and 2nd Sessionslegislature

Change provisions relating to the Real Property Appraiser Act and the Nebraska Appraisal Management Company Registration Act

Sponsored By: George Dungan

Signed by Governor

Banking, Commerce and Insurance Committee

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 0 costs, 1 mixed.

Appraisers and appraisal management companies get remedial deals

The Real Property Appraiser Board can resolve cases with a contingent dismissal and required remedial steps. For appraisers, finishing the steps means it is not a disciplinary action. For appraisal management companies, a completed deal is not discipline and is not reported to the federal Appraisal Subcommittee. This gives a path to correct problems without a lasting disciplinary record.

Stricter ownership and background checks for appraisal management companies

Anyone whose appraiser credential was refused, denied, canceled, revoked, or surrendered for a substantive cause cannot own any share of an appraisal management company. No person who is not of good moral character can own more than 10%; this includes certain felony or fraud crimes or failing a required criminal history check. Each owner with over 10% must submit fingerprints at registration, at renewal if no prior check, or when the board asks. The board pays the fingerprint check fee. If a credential was later reinstated and the earlier action was not for a board‑determined substantive cause, the person is not barred.

Board must investigate appraisal law violations

The Real Property Appraiser Board must investigate when it gets information about a violation. It can hire outside experts to help. This strengthens oversight of appraisals.

Sponsors & Cosponsors

Sponsor

  • George Dungan

    Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 88 • No: 0

legislature vote • 3/6/2025

Final Reading

Yes: 48 • No: 0 • Other: 1

legislature vote • 2/5/2025

Vote

Yes: 40 • No: 0 • Other: 9

Actions Timeline

  1. Approved by Governor on March 11, 2025

    3/11/2025legislature

  2. Presented to Governor on March 6, 2025

    3/6/2025legislature

  3. President/Speaker signed

    3/6/2025legislature

  4. Passed on Final Reading 48-0-1

    3/6/2025legislature

  5. Dispensing of reading at large approved

    3/6/2025legislature

  6. Placed on Final Reading

    2/24/2025legislature

  7. Advanced to Enrollment and Review for Engrossment

    2/19/2025legislature

  8. Enrollment and Review ER6 adopted

    2/19/2025legislature

  9. Hallstrom name added

    2/11/2025legislature

  10. Enrollment and Review ER6 filed

    2/11/2025legislature

  11. Placed on Select File with ER6

    2/11/2025legislature

  12. Advanced to Enrollment and Review Initial

    2/5/2025legislature

  13. Placed on General File

    1/30/2025legislature

  14. Notice of hearing for January 27, 2025

    1/16/2025legislature

  15. Referred to Banking, Commerce and Insurance Committee

    1/15/2025legislature

  16. Date of introduction

    1/13/2025legislature

Bill Text

  • Introduced

    1/13/2025

    PDF

  • Enrolled / Slip Law

    PDF

  • Final / Enacted

    PDF

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