H0863B0969A01527 BIL:CDM 05/31/17 #90 A01527
AMENDMENTS TO HOUSE BILL NO. 863
Sponsor: REPRESENTATIVE MUSTIO
Printer's No. 969
Amend Bill, page 1, line 9, by inserting after "opinion; "
in Real Estate Recovery Fund, further providing for
establishment of the fund;
Amend Bill, page 1, lines 9 and 10, by striking out "a
related repeal" and inserting
related repeals
Amend Bill, page 2, line 27, by striking out "a" and
inserting
the
Amend Bill, page 2, line 30, by striking out "a" and
inserting
the
Amend Bill, page 3, lines 3 and 4, by striking out "a house
in which the proceeds fall" in line 3 and all of line 4 and
inserting
real property in which the seller's proceeds are less than
the amount required to pay off all liens secured by the
property.
Amend Bill, page 6, line 9, by inserting after "property;"
or
Amend Bill, page 6, lines 11 through 13, by striking out ";
or" in line 11 and all of lines 12 and 13 and inserting a period
Amend Bill, page 6, line 14, by striking out "used" and
inserting
prepared by a broker, associate broker or salesperson for
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use
Amend Bill, page 6, line 24, by striking out " or"
Amend Bill, page 6, line 26, by striking out the period after
"record" and inserting
; or
(vi) the distribution of a decedent's estate.
Amend Bill, page 8, by inserting between lines 6 and 7
Section 5. Section 801(b) of the act is amended to read:
Section 801. Establishment of the fund.
* * *
(b) The Real Estate Recovery Fund shall not apply to the
following:
(1) The sale of, or the offer to sell, a campground
membership or to a campground membership salesperson.
(2) The preparation or issuance of a broker price
opinion.
Amend Bill, page 8, line 7, by striking out "5" and inserting
6
Amend Bill, page 8, line 9, by striking out "paragraph (2)
is" and inserting
paragraphs (2) and (3) are
Amend Bill, page 8, by inserting between lines 12 and 13
(3) The act of February 2, 2012 (P.L.30, No.4), known as
the Appraisal Management Company Registration Act, is
repealed insofar as it is inconsistent with this act.
Amend Bill, page 8, line 13, by striking out "6" and
inserting
7
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See A01527 in
the context
of HB0863