Governor: Signed
Summary
The bill amends Arizona's real‑estate appraisal statutes to define what an appraisal management company is, the services it can provide, and the parties involved such as appraisers, clients and controlling persons. By clarifying these terms, the legislation standardizes how third‑party appraisal activities are described and regulated in the state. It primarily impacts appraisal firms, lenders, borrowers and other entities that use or oversee appraisal services.
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