All Roll Calls
Yes: 88 • No: 0
NebraskaLB139109th Legislature 1st and 2nd SessionslegislatureWALLET
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
4 provisions identified: 0 benefits, 2 costs, 2 mixed.
Stronger oversight of appraiser licenses
The board can start investigations on its own or after a complaint. It can suspend or revoke an appraiser’s credential, stop education courses, deny applications, or issue cease‑and‑desist orders. The board must report discipline that limits practice to federal authorities under Title XI. A successfully completed contingent dismissal agreement is not treated as discipline for that reporting.
Penalties and fair enforcement for AMCs
The board can censure, suspend, or revoke an AMC’s registration and fine up to $5,000 for a first offense and up to $10,000 later. It must weigh the violation, try less severe steps first, and consider your compliance program, quick fixes, and self‑reporting. The board reports AMC violations and discipline to the Appraisal Subcommittee. The board can use contingent dismissal agreements that require fixes; if completed, they are not treated as discipline for federal reporting.
Registration required to run AMCs
You must register before you offer or advertise appraisal management services in Nebraska, unless you meet federal AMC rules. The board can treat unregistered actors as AMCs for jurisdiction and issue cease‑and‑desist orders. Orders become final after 10 days unless you request a hearing. The Attorney General can take the case to district court to enforce the order.
Stricter ownership rules for AMCs
People whose appraiser credential was refused, denied, canceled, revoked, or surrendered for a substantive cause cannot own an AMC. No more than 10% of an AMC can be owned by someone not of good moral character. Each owner with more than 10% must submit fingerprints and complete state and FBI background checks. The board pays the fingerprint check fees. If a prior credential was reinstated and not for a substantive cause, that person is not barred from ownership.
Sponsors & Cosponsors
Sponsor
George Dungan
legislature
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
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
Approved by Governor on March 11, 2025
3/12/2025legislatureDispensing of reading at large approved
3/6/2025legislaturePassed on Final Reading 48-0-1
3/6/2025legislaturePresident/Speaker signed
3/6/2025legislaturePresented to Governor on March 6, 2025
3/6/2025legislaturePlaced on Final Reading
2/24/2025legislatureEnrollment and Review ER6 adopted
2/19/2025legislatureAdvanced to Enrollment and Review for Engrossment
2/19/2025legislaturePlaced on Select File with ER6
2/11/2025legislatureEnrollment and Review ER6 filed
2/11/2025legislatureHallstrom name added
2/11/2025legislatureAdvanced to Enrollment and Review Initial
2/5/2025legislaturePlaced on General File
1/30/2025legislatureNotice of hearing for January 27, 2025
1/16/2025legislatureReferred to Banking, Commerce and Insurance Committee
1/15/2025legislatureDate of introduction
1/13/2025legislature
Bill Text
Introduced
3/12/2025
Enrolled / Slip Law
Final / Enacted