Title 831 | Chapter 003 | Regulation 110REG
PROPOSED
This document is not yet current.
PUBLIC PROTECTION CABINET
Real Estate Appraisers Board
(New Administrative Regulation)
831 KAR 3:110.Renewal and reinstatement of certificates and licenses.
Section 1.
Certificate and license annual renewal date and expiration.(1)
The annual renewal date shall be July 1 of each calendar year.(2)
A certificate or license issued by the board shall expire if the credential holder fails to comply with Section 2 of this administrative regulation on or before the annual renewal date of each calendar year.(3)
Prior to the annual renewal date, the board shall notify each credential holder that the license or certificate is due to expire. Failure to receive notification shall not excuse the credential holder of the obligation to renew.Section 2.
How to renew a license or certificate.(1)
Except as provided in subsection (2) of this section or Section 3 of this regulation, a person seeking to renew a license or certificate issued by the board shall, on or before the annual renewal date, through the online license renewal system offered by the board at www.kreab.ky.gov:(a)
Complete and submit the online Application to Renew or Reinstate a Certificate or License;(b)
Complete the continuing education required by administrative regulation 831 KAR 3:100;(c)
Pay the annual certificate or licensure fee established in administrative regulation 831 KAR 3:010 Section 1(1)(c); and(d)
Unless renewing an associate real property appraiser license, pay the roster fee established in administrative regulation 831 KAR 3:010 Section 1 (1)(f).(2)
If a licensed or certified appraiser is unable to use the online license renewal system, he or she shall, on or before the annual renewal date:(a)
Complete and submit to the board an Application to Renew or Reinstate a Certificate or License;(b)
Complete the continuing education required by administrative regulation 831 KAR 3:100;(c)
Pay the annual certificate or licensure fee established in administrative regulation 831 KAR 3:010 Section 1(1)(c); and(d)
Unless renewing an associate real property appraiser license, submit payment for the roster fee established in administrative regulation 831 KAR 3:010 Section 1(1)(f).Section 3.
Renewal of nonfederal real property appraiser license. To renew a nonfederal real property appraiser license issued by the board, the nonfederal real property appraiser shall, on or before the annual renewal date:(1)
Complete and submit to the board an Application to Renew or Reinstate a Certificate or License; and(2)
Pay the annual certificate or licensure fee established in administrative regulation 831 KAR 3:010Section 1(1)(c).Section 4.
Reinstatement of expired certificate or license.(1)
A former credential holder for federally related transactions may apply for reinstatement through January 2 of the calendar year following the year in which a certificate or license expired by:(a)
Completing and submitting to the board an Application to Renew or Reinstate a Certificate or License;(b)
Completing the continuing education required by administrative regulation 831 KAR 3:100;(c)
Paying the annual certificate or licensure fee established in administrative regulation 831 KAR 3:010 Section 1(1)(c);(d)
Unless most recently credentialed as an associate real property appraiser, submitting payment for the roster fee established in administrative regulation 831 KAR 3:010 Section 1(1)(f); and(e)
Paying the late fee established in 831 KAR 3:010 Section 1(1)(j).(2)
A former licensed nonfederal real property appraiser may apply for reinstatement through January 2 of the calendar year following the year in which a certificate or license expired by:(a)
Completing and submitting to the board a Nonfederal Real Property Appraiser Application;(b)
Paying the annual certificate or licensure fee established in administrative regulation 831 KAR 3:010 Section 1(1)(c); and(c)
Paying the late fee established in 831 KAR 3:010 Section 1(1)(j).(3)
If six (6) months or more elapse after a certificate or license expires, the former credential holder shall not be eligible for reinstatement and shall be required to meet all requirements for initial certification or licensure established in 831 KAR 3:020.(4)
An application for reinstatement under this section shall be presented to the board for review at the first regularly scheduled meeting of the board after an application is received by the board at least five (5) business days before the first regularly scheduled meeting and at the following regularly scheduled meeting if an application is received by the board less than five (5) business days before the first regularly scheduled meeting.Section 5.
Incorporation by Reference.(1)
"Application to Renew or Reinstate a Certification or License," KREAB Form 010, March 2026, is incorporated by reference.(2)
This material may be inspected, copied, or obtained, subject to applicable copyright law, at the Kentucky Real Estate Appraisers Board, 500 Mero Street, Frankfort, Kentucky 40601, (502) 564-4000, Monday through Friday, 8 a.m. to 4:30 p.m. Eastern Time, and is available on the board website, kreab.ky.gov.JOHN DEXTER OUTLAW, Board Chairperson
TRACY CARROLL, Director
RAY A. PERRY, Secretary
APPROVED BY AGENCY: March 25, 2026
FILED WITH LRC: March 30, 2026 at 2:50 p.m.
PUBLIC HEARING AND COMMENT PERIOD: A public hearing on this administrative regulation shall be held on June 24, 2026, at 1:00 P.M. Eastern Time at the Mayo-Underwood Building, Room 133CE, 500 Mero Street, Frankfort, Kentucky 40601. Individuals interested in being heard at this hearing shall notify this agency in writing by five workdays prior to the hearing, of their intent to attend. If no notification of intent to attend the hearing was received by that date, the hearing may be canceled. A transcript of the public hearing will not be made unless a written request for a transcript is made. If you do not wish to be heard at the public hearing, you may submit written comments on the proposed administrative regulation. Written comments shall be accepted through June 30, 2026. Send written notification of intent to be heard at the public hearing or written comments on the proposed administrative regulation to the contact person.
CONTACT PERSON: Patrick Riley, General Counsel, Kentucky Real Estate Appraisers Board, 500 Mero Street, Frankfort, Kentucky 40601, Email patrick.riley@ky.gov, Tel. (502) 782-2618.
REGULATORY IMPACT ANALYSIS AND TIERING STATEMENT
Contact Person:
Patrick Riley
Subject Headings:
Boards and Commissions, Real Estate, Licensing, Fees
(1) Provide a brief summary of:
(a) What this administrative regulation does:
This regulation establishes requirements for renewal and reinstatement of certificates and licenses issued by the Kentucky Real Estate Appraisers Board ("Board").
(b) The necessity of this administrative regulation:
This regulation is necessary to establish requirements for maintaining certification and licensure as an appraiser.
(c) How this administrative regulation conforms to the content of the authorizing statutes:
KRS 324A.035(3)(a), (b), and (c) require the board to establish by administrative regulations requirements for classifications of appraisers, certification and licensure, and renewal of certification or licensure. KRS 324A.045(2) requires every certificate and license shall be subject to annual renewal on the date or dates determined by the board by administrative regulation and that each certificate and license holder provide proof of compliance with the continuing education requirements, or the certificate or license shall expire. KRS 324A.045(3) requires that an expired certificate or license may be reinstated by complying with renewal requirements and payment of a late fee. This administrative regulation describes how to renew certificates and licenses issued by the board and how to apply for reinstatement of a certificate or license previously issued by the board.
(d) How this administrative regulation currently assists or will assist in the effective administration of the statutes:
The Board is charged with licensing and regulating the practice of appraisal in Kentucky. This administrative regulation will assist the Board in effective oversight by establishing renewal and reinstatement processes for credential holders.
(2) If this is an amendment to an existing administrative regulation, provide a brief summary of:
(a) How the amendment will change this existing administrative regulation:
Not applicable.
(b) The necessity of the amendment to this administrative regulation:
Not applicable.
(c) How the amendment conforms to the content of the authorizing statutes:
Not applicable.
(d) How the amendment will assist in the effective administration of the statutes:
Not applicable.
(3) Does this administrative regulation or amendment implement legislation from the previous five years?
Yes, this regulation implements the following legislation from the previous five years. HB 172 (Acts Chapter 21) "AN ACT relating to the Kentucky Real Estate Appraisers Board;" effective June 29, 2021. HB 403 (Acts Chapter 182) "AN ACT relating to real property boards;" effective July 15, 2024.
(4) List the type and number of individuals, businesses, organizations, or state and local governments affected by this administrative regulation:
As of October 22, 2025, the Board licenses and regulates over 1,564 individual appraisers and 106 appraisal management companies ("AMCs") that will be affected by this administrative regulation, as follows: 721 Certified General Real Property Appraisers, 664 Certified Residential Real Property Appraiser, 13 Licensed Residential Real Property Appraisers, and 166 Associate Real Property Appraisers. This regulation will impact all licensees and credential holders who wish to renew or reinstate their certification and licensure.
(5) Provide an analysis of how the entities identified in question (4) will be impacted by either the implementation of this administrative regulation, if new, or by the change, if it is an amendment, including:
(a) List the actions that each of the regulated entities identified in question (4) will have to take to comply with this administrative regulation or amendment:
This regulation is a new regulation and recodification of prior 201 KAR 30:190 Section 17. Current credential holders will need to familiarize themselves with the renewal process and process for reinstatement of credentials. Nonfederal real property appraisers shall be notified of this regulation prior to the effective date of this regulation due to establishment of a renewal deadline and process for that credential.
(b) In complying with this administrative regulation or amendment, how much will it cost each of the entities identified in question (4):
This regulation will impose no new costs on licensees.
(c) As a result of compliance, what benefits will accrue to the entities identified in question (4):
Current licensees will be able to identify renewal and reinstatement requirements.
(6) Provide an estimate of how much it will cost the administrative body to implement this administrative regulation:
(a) Initially:
There will be no additional cost to the Board to implement this administrative regulation initially.
(b) On a continuing basis:
There will be no additional cost to the Board to implement this administrative regulation on a continuing basis.
(7) What is the source of the funding to be used for the implementation and enforcement of this administrative regulation or this amendment:
There is no additional funding necessary to implement this administrative regulation.
(8) Provide an assessment of whether an increase in fees or funding will be necessary to implement this administrative regulation, if new, or by the change if it is an amendment:
The implementation of this administrative regulation requires no increase in fees or funding.
(9) State whether or not this administrative regulation establishes any fees or directly or indirectly increases any fees:
This administrative regulation does not establish any fees and neither directly nor indirectly increases any fees.
(10) TIERING: Is tiering applied?
No, tiering is not applied because this administrative regulation applies equally to all credential holders.
FISCAL IMPACT STATEMENT
(1) Identify each state statute, federal statute, or federal regulation that requires or authorizes the action taken by the administrative regulation:
KRS 324A.015, 324A.020, 324A.035, 324A.045, 324A.065, Chapter 324A, 12 U.S.C. § 3350
(2) State whether this administrative regulation is expressly authorized by an act of the General Assembly, and if so, identify the act:
(3)(a) Identify the promulgating agency and any other affected state units, parts, or divisions:
The Kentucky Real Estate Appraisers Board ("Board") is the agency responsible for implementing this regulation. No other divisions of state or local government entities should be affected.
(b) Estimate the following for each affected state unit, part, or division identified in (3)(a):
1. Expenditures:
For the first year:
There is no cost to administer this administrative regulation for the first year.
For subsequent years:
There is no cost to administer this administrative regulation for subsequent years.
2. Revenues:
For the first year:
This administrative regulation is not intended to generate revenue for any state or local government agency for the first year.
For subsequent years:
This administrative regulation is not intended to generate revenue for any state or local government agency for subsequent years.
3. Cost Savings:
For the first year:
There are no cost savings to administer this administrative regulation for the first year.
For subsequent years:
There are no cost savings to administer this administrative regulation for subsequent years.
(4)(a) Identify affected local entities (for example: cities, counties, fire departments, school districts):
None
(b) Estimate the following for each affected local entity identified in (4)(a):
1. Expenditures:
For the first year:
N/A
For subsequent years:
N/A
2. Revenues:
For the first year:
N/A
For subsequent years:
N/A
3. Cost Savings:
For the first year:
N/A
For subsequent years:
N/A
(5)(a) Identify any affected regulated entities not listed in (3)(a) or (4)(a):
N/A
(b) Estimate the following for each regulated entity identified in (5)(a):
1. Expenditures:
For the first year:
N/A
For subsequent years:
N/A
2. Revenues:
For the first year:
N/A
For subsequent years:
N/A
3. Cost Savings:
For the first year:
N/A
For subsequent years:
N/A
(6) Provide a narrative to explain the following for each entity identified in (3)(a), (4)(a), and (5)(a)
(a) Fiscal impact of this administrative regulation:
None.
(b) Methodology and resources used to reach this conclusion:
Methodology and resources used are the fiscal department within the Public Protection Cabinet, Division of Real Property Boards.
(7) Explain, as it relates to the entities identified in (3)(a), (4)(a), and (5)(a):
(a) Whether this administrative regulation will have a "major economic impact", as defined by KRS 13A.010(14):
This administrative regulation is not intended or anticipated to have a major economic impact as defined by KRS 13A.010(14).
(b) The methodology and resources used to reach this conclusion:
Methodology and resources used are the fiscal department within the Public Protection Cabinet, Division of Real Property Boards.
FEDERAL MANDATE ANALYSIS COMPARISON
(1) Federal statute or regulation constituting the federal mandate.
12 U.S.C. 3345, 12 U.S.C. 3347
(2) State compliance standards.
KRS 324A.020, 324A.035, 324A.045, 324A.065
(3) Minimum or uniform standards contained in the federal mandate.
12 U.S.C. 3345, 12 U.S.C. 3347
(4) Will this administrative regulation impose stricter requirements, or additional or different responsibilities or requirements, than those required by the federal mandate?
This administrative regulation does not impose stricter requirements, or additional or different responsibilities or requirements, than those required by the federal mandate.
(5) Justification for the imposition of the stricter standard, or additional or different responsibilities or requirements.
This administrative regulation does not impose a stricter standard, or additional or different responsibilities or requirements.
PUBLIC PROTECTION CABINET
Real Estate Appraisers Board
(New Administrative Regulation)
831 KAR 3:110.Renewal and reinstatement of certificates and licenses.
Section 1.
Certificate and license annual renewal date and expiration.(1)
The annual renewal date shall be July 1 of each calendar year.(2)
A certificate or license issued by the board shall expire if the credential holder fails to comply with Section 2 of this administrative regulation on or before the annual renewal date of each calendar year.(3)
Prior to the annual renewal date, the board shall notify each credential holder that the license or certificate is due to expire. Failure to receive notification shall not excuse the credential holder of the obligation to renew.Section 2.
How to renew a license or certificate.(1)
Except as provided in subsection (2) of this section or Section 3 of this regulation, a person seeking to renew a license or certificate issued by the board shall, on or before the annual renewal date, through the online license renewal system offered by the board at www.kreab.ky.gov:(a)
Complete and submit the online Application to Renew or Reinstate a Certificate or License;(b)
Complete the continuing education required by administrative regulation 831 KAR 3:100;(c)
Pay the annual certificate or licensure fee established in administrative regulation 831 KAR 3:010 Section 1(1)(c); and(d)
Unless renewing an associate real property appraiser license, pay the roster fee established in administrative regulation 831 KAR 3:010 Section 1 (1)(f).(2)
If a licensed or certified appraiser is unable to use the online license renewal system, he or she shall, on or before the annual renewal date:(a)
Complete and submit to the board an Application to Renew or Reinstate a Certificate or License;(b)
Complete the continuing education required by administrative regulation 831 KAR 3:100;(c)
Pay the annual certificate or licensure fee established in administrative regulation 831 KAR 3:010 Section 1(1)(c); and(d)
Unless renewing an associate real property appraiser license, submit payment for the roster fee established in administrative regulation 831 KAR 3:010 Section 1(1)(f).Section 3.
Renewal of nonfederal real property appraiser license. To renew a nonfederal real property appraiser license issued by the board, the nonfederal real property appraiser shall, on or before the annual renewal date:(1)
Complete and submit to the board an Application to Renew or Reinstate a Certificate or License; and(2)
Pay the annual certificate or licensure fee established in administrative regulation 831 KAR 3:010Section 1(1)(c).Section 4.
Reinstatement of expired certificate or license.(1)
A former credential holder for federally related transactions may apply for reinstatement through January 2 of the calendar year following the year in which a certificate or license expired by:(a)
Completing and submitting to the board an Application to Renew or Reinstate a Certificate or License;(b)
Completing the continuing education required by administrative regulation 831 KAR 3:100;(c)
Paying the annual certificate or licensure fee established in administrative regulation 831 KAR 3:010 Section 1(1)(c);(d)
Unless most recently credentialed as an associate real property appraiser, submitting payment for the roster fee established in administrative regulation 831 KAR 3:010 Section 1(1)(f); and(e)
Paying the late fee established in 831 KAR 3:010 Section 1(1)(j).(2)
A former licensed nonfederal real property appraiser may apply for reinstatement through January 2 of the calendar year following the year in which a certificate or license expired by:(a)
Completing and submitting to the board a Nonfederal Real Property Appraiser Application;(b)
Paying the annual certificate or licensure fee established in administrative regulation 831 KAR 3:010 Section 1(1)(c); and(c)
Paying the late fee established in 831 KAR 3:010 Section 1(1)(j).(3)
If six (6) months or more elapse after a certificate or license expires, the former credential holder shall not be eligible for reinstatement and shall be required to meet all requirements for initial certification or licensure established in 831 KAR 3:020.(4)
An application for reinstatement under this section shall be presented to the board for review at the first regularly scheduled meeting of the board after an application is received by the board at least five (5) business days before the first regularly scheduled meeting and at the following regularly scheduled meeting if an application is received by the board less than five (5) business days before the first regularly scheduled meeting.Section 5.
Incorporation by Reference.(1)
"Application to Renew or Reinstate a Certification or License," KREAB Form 010, March 2026, is incorporated by reference.(2)
This material may be inspected, copied, or obtained, subject to applicable copyright law, at the Kentucky Real Estate Appraisers Board, 500 Mero Street, Frankfort, Kentucky 40601, (502) 564-4000, Monday through Friday, 8 a.m. to 4:30 p.m. Eastern Time, and is available on the board website, kreab.ky.gov.JOHN DEXTER OUTLAW, Board Chairperson
TRACY CARROLL, Director
RAY A. PERRY, Secretary
APPROVED BY AGENCY: March 25, 2026
FILED WITH LRC: March 30, 2026 at 2:50 p.m.
PUBLIC HEARING AND COMMENT PERIOD: A public hearing on this administrative regulation shall be held on June 24, 2026, at 1:00 P.M. Eastern Time at the Mayo-Underwood Building, Room 133CE, 500 Mero Street, Frankfort, Kentucky 40601. Individuals interested in being heard at this hearing shall notify this agency in writing by five workdays prior to the hearing, of their intent to attend. If no notification of intent to attend the hearing was received by that date, the hearing may be canceled. A transcript of the public hearing will not be made unless a written request for a transcript is made. If you do not wish to be heard at the public hearing, you may submit written comments on the proposed administrative regulation. Written comments shall be accepted through June 30, 2026. Send written notification of intent to be heard at the public hearing or written comments on the proposed administrative regulation to the contact person.
CONTACT PERSON: Patrick Riley, General Counsel, Kentucky Real Estate Appraisers Board, 500 Mero Street, Frankfort, Kentucky 40601, Email patrick.riley@ky.gov, Tel. (502) 782-2618.
REGULATORY IMPACT ANALYSIS AND TIERING STATEMENT
Contact Person:
Patrick Riley
Subject Headings:
Boards and Commissions, Real Estate, Licensing, Fees
(1) Provide a brief summary of:
(a) What this administrative regulation does:
This regulation establishes requirements for renewal and reinstatement of certificates and licenses issued by the Kentucky Real Estate Appraisers Board ("Board").
(b) The necessity of this administrative regulation:
This regulation is necessary to establish requirements for maintaining certification and licensure as an appraiser.
(c) How this administrative regulation conforms to the content of the authorizing statutes:
KRS 324A.035(3)(a), (b), and (c) require the board to establish by administrative regulations requirements for classifications of appraisers, certification and licensure, and renewal of certification or licensure. KRS 324A.045(2) requires every certificate and license shall be subject to annual renewal on the date or dates determined by the board by administrative regulation and that each certificate and license holder provide proof of compliance with the continuing education requirements, or the certificate or license shall expire. KRS 324A.045(3) requires that an expired certificate or license may be reinstated by complying with renewal requirements and payment of a late fee. This administrative regulation describes how to renew certificates and licenses issued by the board and how to apply for reinstatement of a certificate or license previously issued by the board.
(d) How this administrative regulation currently assists or will assist in the effective administration of the statutes:
The Board is charged with licensing and regulating the practice of appraisal in Kentucky. This administrative regulation will assist the Board in effective oversight by establishing renewal and reinstatement processes for credential holders.
(2) If this is an amendment to an existing administrative regulation, provide a brief summary of:
(a) How the amendment will change this existing administrative regulation:
Not applicable.
(b) The necessity of the amendment to this administrative regulation:
Not applicable.
(c) How the amendment conforms to the content of the authorizing statutes:
Not applicable.
(d) How the amendment will assist in the effective administration of the statutes:
Not applicable.
(3) Does this administrative regulation or amendment implement legislation from the previous five years?
Yes, this regulation implements the following legislation from the previous five years. HB 172 (Acts Chapter 21) "AN ACT relating to the Kentucky Real Estate Appraisers Board;" effective June 29, 2021. HB 403 (Acts Chapter 182) "AN ACT relating to real property boards;" effective July 15, 2024.
(4) List the type and number of individuals, businesses, organizations, or state and local governments affected by this administrative regulation:
As of October 22, 2025, the Board licenses and regulates over 1,564 individual appraisers and 106 appraisal management companies ("AMCs") that will be affected by this administrative regulation, as follows: 721 Certified General Real Property Appraisers, 664 Certified Residential Real Property Appraiser, 13 Licensed Residential Real Property Appraisers, and 166 Associate Real Property Appraisers. This regulation will impact all licensees and credential holders who wish to renew or reinstate their certification and licensure.
(5) Provide an analysis of how the entities identified in question (4) will be impacted by either the implementation of this administrative regulation, if new, or by the change, if it is an amendment, including:
(a) List the actions that each of the regulated entities identified in question (4) will have to take to comply with this administrative regulation or amendment:
This regulation is a new regulation and recodification of prior 201 KAR 30:190 Section 17. Current credential holders will need to familiarize themselves with the renewal process and process for reinstatement of credentials. Nonfederal real property appraisers shall be notified of this regulation prior to the effective date of this regulation due to establishment of a renewal deadline and process for that credential.
(b) In complying with this administrative regulation or amendment, how much will it cost each of the entities identified in question (4):
This regulation will impose no new costs on licensees.
(c) As a result of compliance, what benefits will accrue to the entities identified in question (4):
Current licensees will be able to identify renewal and reinstatement requirements.
(6) Provide an estimate of how much it will cost the administrative body to implement this administrative regulation:
(a) Initially:
There will be no additional cost to the Board to implement this administrative regulation initially.
(b) On a continuing basis:
There will be no additional cost to the Board to implement this administrative regulation on a continuing basis.
(7) What is the source of the funding to be used for the implementation and enforcement of this administrative regulation or this amendment:
There is no additional funding necessary to implement this administrative regulation.
(8) Provide an assessment of whether an increase in fees or funding will be necessary to implement this administrative regulation, if new, or by the change if it is an amendment:
The implementation of this administrative regulation requires no increase in fees or funding.
(9) State whether or not this administrative regulation establishes any fees or directly or indirectly increases any fees:
This administrative regulation does not establish any fees and neither directly nor indirectly increases any fees.
(10) TIERING: Is tiering applied?
No, tiering is not applied because this administrative regulation applies equally to all credential holders.
FISCAL IMPACT STATEMENT
(1) Identify each state statute, federal statute, or federal regulation that requires or authorizes the action taken by the administrative regulation:
KRS 324A.015, 324A.020, 324A.035, 324A.045, 324A.065, Chapter 324A, 12 U.S.C. § 3350
(2) State whether this administrative regulation is expressly authorized by an act of the General Assembly, and if so, identify the act:
(3)(a) Identify the promulgating agency and any other affected state units, parts, or divisions:
The Kentucky Real Estate Appraisers Board ("Board") is the agency responsible for implementing this regulation. No other divisions of state or local government entities should be affected.
(b) Estimate the following for each affected state unit, part, or division identified in (3)(a):
1. Expenditures:
For the first year:
There is no cost to administer this administrative regulation for the first year.
For subsequent years:
There is no cost to administer this administrative regulation for subsequent years.
2. Revenues:
For the first year:
This administrative regulation is not intended to generate revenue for any state or local government agency for the first year.
For subsequent years:
This administrative regulation is not intended to generate revenue for any state or local government agency for subsequent years.
3. Cost Savings:
For the first year:
There are no cost savings to administer this administrative regulation for the first year.
For subsequent years:
There are no cost savings to administer this administrative regulation for subsequent years.
(4)(a) Identify affected local entities (for example: cities, counties, fire departments, school districts):
None
(b) Estimate the following for each affected local entity identified in (4)(a):
1. Expenditures:
For the first year:
N/A
For subsequent years:
N/A
2. Revenues:
For the first year:
N/A
For subsequent years:
N/A
3. Cost Savings:
For the first year:
N/A
For subsequent years:
N/A
(5)(a) Identify any affected regulated entities not listed in (3)(a) or (4)(a):
N/A
(b) Estimate the following for each regulated entity identified in (5)(a):
1. Expenditures:
For the first year:
N/A
For subsequent years:
N/A
2. Revenues:
For the first year:
N/A
For subsequent years:
N/A
3. Cost Savings:
For the first year:
N/A
For subsequent years:
N/A
(6) Provide a narrative to explain the following for each entity identified in (3)(a), (4)(a), and (5)(a)
(a) Fiscal impact of this administrative regulation:
None.
(b) Methodology and resources used to reach this conclusion:
Methodology and resources used are the fiscal department within the Public Protection Cabinet, Division of Real Property Boards.
(7) Explain, as it relates to the entities identified in (3)(a), (4)(a), and (5)(a):
(a) Whether this administrative regulation will have a "major economic impact", as defined by KRS 13A.010(14):
This administrative regulation is not intended or anticipated to have a major economic impact as defined by KRS 13A.010(14).
(b) The methodology and resources used to reach this conclusion:
Methodology and resources used are the fiscal department within the Public Protection Cabinet, Division of Real Property Boards.
FEDERAL MANDATE ANALYSIS COMPARISON
(1) Federal statute or regulation constituting the federal mandate.
12 U.S.C. 3345, 12 U.S.C. 3347
(2) State compliance standards.
KRS 324A.020, 324A.035, 324A.045, 324A.065
(3) Minimum or uniform standards contained in the federal mandate.
12 U.S.C. 3345, 12 U.S.C. 3347
(4) Will this administrative regulation impose stricter requirements, or additional or different responsibilities or requirements, than those required by the federal mandate?
This administrative regulation does not impose stricter requirements, or additional or different responsibilities or requirements, than those required by the federal mandate.
(5) Justification for the imposition of the stricter standard, or additional or different responsibilities or requirements.
This administrative regulation does not impose a stricter standard, or additional or different responsibilities or requirements.