▸SECTION 1
Section 193 of Chapter 112 of the General Laws as appearing in the 2020 Official Edition is hereby amended by striking out the first and second paragraphs and inserting in place thereof the following paragraph: -
Each state certified general, state certified residential, or state licensed real estate appraiser must retain originals or true copies of all written contracts engaging his services for real property appraisal work and all reports and supporting data assembled and formulated by the appraiser in preparing such reports for a period of at least five years after preparation or at least two years after final disposition of any judicial proceeding in which the appraiser provided testimony related to the assignment, whichever period expires last.
▸SECTION 2
This act shall take effect upon passage.
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SECTION 1. Section 193 of Chapter 112 of the General Laws as appearing in the 2020 Official Edition is hereby amended by striking out the first and second paragraphs and inserting in place thereof the following paragraph: -
Each state certified general, state certified residential, or state licensed real estate appraiser must retain originals or true copies of all written contracts engaging his services for real property appraisal work and all reports and supporting data assembled and formulated by the appraiser in preparing such reports for a period of at least five years after preparation or at least two years after final disposition of any judicial proceeding in which the appraiser provided testimony related to the assignment, whichever period expires last.
SECTION 2. This act shall take effect upon passage.