Senate Bill 477 draws industry pushback over 12-year appraisal recordkeeping; sponsor says amendment targets discrimination Senate Bill 477 would set new time limits for appraisal-related lawsuits and extend some fair-housing claims and recordkeeping to 12 years; appraisers testified the retention and extended limitation are operationally burdensome and urged reverting to the bill's original limits.

Senate Bill 477 aims to revolutionize Maryland's real estate appraisal system, but industry experts warn that new recordkeeping rules could spell disaster for small appraisers!

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