The provisions of this part relating to appraisal management companies shall cease to be operative 60 days after the effective date of a federal law that mandates the registration or licensing of appraisal management companies with an entity other than the state regulatory authority with jurisdiction over licensed and certified appraisers.

(Added by Stats. 2009, Ch. 173, Sec. 17. (SB 237) Effective January 1, 2010.)

Terms Used In California Business and Professions Code 11346

  • Appraisal: A determination of property value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • State: means the State of California, unless applied to the different parts of the United States. See California Business and Professions Code 21
  Previous section
Next section  
 Chapter 4 Contents