Title 831 | Chapter 003 | Regulation 140REG
PROPOSED
This document is not yet current.
PUBLIC PROTECTION CABINET
Real Estate Appraisers Board
(New Administrative Regulation)
831 KAR 3:140.Education course approval, renewal, and standards.
Section 1.
Types of education courses for appraisers.(1)
Qualifying education courses are prelicensure education courses designed to meet the qualifying education requirements for a credential issued by the board under 831 KAR 3:030.(2)
Continuing education courses are post-licensure education courses designed to meet the continuing education requirements for a credential issued by the board under 831 KAR 3:100.(3)
Each education course shall be approved by the board in accordance with this administrative regulation and shall be conducted by an education provider recognized by the board in accordance with 831 KAR 3:130.Section 2.
How to apply for education course approval. To apply for board approval of a qualifying education or continuing education course, an education provider shall, for each course:(1)
Complete and submit an Application for Course Approval and attach:(a)
A copy of a contract or agreement to be signed by the student which outlines the class schedule, grading system, and attendance requirements, if a contract or agreement is executed between the student and the provider; and(b)
A copy of the course syllabus or outline and all written material that will be used in the course;(2)
Complete and submit an Instructor Application and current resume or curriculum vitae for each instructor of the course listed on the Application for Course Approval, unless the instructor has been approved by the board in accordance with 831 KAR 3:130 Section 4; and(3)
Submit payment of the fee set forth in 831 KAR 3:010 Section 2.Section 3.
Board approval of education courses.(1)
The board shall approve a qualifying education course if it meets the requirements of this regulation and 831 KAR 3:030 Sections 1 and 2.(2)
The board shall approve a continuing education course if it meets the requirements of this regulation.Section 4.
Standards for continuing education courses.(1)
A continuing education course shall:(a)
Be at least two (2) class hours in duration; and(b)
Be designed to maintain or increase an appraiser's skill, knowledge, and competency in real property appraisal.(2)
A continuing education course shall cover topics related to real property appraisal, including:(a)
Ad valorem taxation;(b)
Arbitration, dispute resolution;(c)
Courses related to the practice of real estate appraisal or consulting;(d)
Development cost estimating;(e)
Ethics and standards of professional practice, USPAP;(f)
Fair housing, valuation bias, and equal housing opportunity;(g)
Land use planning, zoning;(h)
Management, leasing, timesharing;(i)
Property development, partial interests;(j)
Real estate law, easements, and legal interests;(k)
Real estate litigation, damages, condemnation;(l)
Real estate financing and investment;(m)
Real estate appraisal-related computer applications;(n)
Real estate securities and syndication;(o)
Green building construction;(p)
Impact of seller concessions;(q)
Appraising personal property as a component of real property value; or(r)
Appraising business value as a component of real property value.(3)
A continuing education course on the topic of USPAP shall be instructed by at least one (1) AQB Certified USPAP Instructor who is also a state certified appraiser in good standing.Section 5.
Distance education standards.(1)
Continuing education or qualifying education class hours may be delivered by synchronous distance education.(2)
Continuing education or qualifying education class hours may be delivered by asynchronous distance education if:(a)
The course provides a reciprocal environment where the student has verbal or written communication with the instructor;(b)
Approval of course content for college-level courses is obtained from the board, the AQB, or an accredited college, community college, or university that offers distance education programs and is approved or accredited by the Commission on Colleges, a regional or national accreditation association, or by an accrediting agency that is recognized by the United States Secretary of Education;(c)
Approval of non-academic credit college courses provided by a college is approved by the board or the AQB; and(d)
Course delivery mechanism approval is obtained from:1.
The AQB;2.
An organization approved by the AQB to provide approval of course design and delivery;3.
A college or university that is approved or accredited by the Commission on Colleges, a regional or national accreditation association, or by an accrediting agency that is recognized by the United States Secretary of Education, and that:a.
Awards academic credit for the distance education course; orb.
Has a distance education delivery program that approves the course design and delivery that incorporates a reciprocal environment where the student has verbal or written communication with the instructor.(3)
Continuing education or qualifying education class hours may be delivered by hybrid distance education if each of its class hours meets the requirements of subsection (1) or (2) of this section.Section 6.
Incorporation by Reference.(1)
"Application for Course Approval," KREAB Form 013, 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 approval, renewal, and standards of continuing education courses by the Kentucky Real Estate Appraisers Board ("Board").
(b) The necessity of this administrative regulation:
This regulation is necessary to establish requirements for continuing education courses for certification and licensure of appraisers.
(c) How this administrative regulation conforms to the content of the authorizing statutes:
KRS 324A.035 requires the board to establish requirements for the education of appraisers. KRS 324A.035(d) and (f) requires the board to establish requirements for education and continuing education of appraisers, respectively.
(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 and approval processes for continuing education courses.
(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 an unknown number of current and prospective licensees, education providers, and instructors.
(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:
Current licensees will not need to take any new steps to comply with this regulation. This regulation is a new regulation and recodification of prior 201 KAR Chapter 30. Current and prospective education providers and instructors will need to follow the requirements set forth in this regulation.
(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 and prospective education providers and instructors will be able to identify the requirements set forth in this regulation.
(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 education course providers interested in providing prelicensing or continuing education courses and to all certificate and license 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.020, 324A.035, 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, 12 U.S.C. 3351
(2) State compliance standards.
KRS 324A.020, 324A.035, 324A.065
(3) Minimum or uniform standards contained in the federal mandate.
m12 U.S.C. 3345, 12 U.S.C. 3347, 12 U.S.C. 3351
(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 3:140.Education course approval, renewal, and standards.
Section 1.
Types of education courses for appraisers.(1)
Qualifying education courses are prelicensure education courses designed to meet the qualifying education requirements for a credential issued by the board under 831 KAR 3:030.(2)
Continuing education courses are post-licensure education courses designed to meet the continuing education requirements for a credential issued by the board under 831 KAR 3:100.(3)
Each education course shall be approved by the board in accordance with this administrative regulation and shall be conducted by an education provider recognized by the board in accordance with 831 KAR 3:130.Section 2.
How to apply for education course approval. To apply for board approval of a qualifying education or continuing education course, an education provider shall, for each course:(1)
Complete and submit an Application for Course Approval and attach:(a)
A copy of a contract or agreement to be signed by the student which outlines the class schedule, grading system, and attendance requirements, if a contract or agreement is executed between the student and the provider; and(b)
A copy of the course syllabus or outline and all written material that will be used in the course;(2)
Complete and submit an Instructor Application and current resume or curriculum vitae for each instructor of the course listed on the Application for Course Approval, unless the instructor has been approved by the board in accordance with 831 KAR 3:130 Section 4; and(3)
Submit payment of the fee set forth in 831 KAR 3:010 Section 2.Section 3.
Board approval of education courses.(1)
The board shall approve a qualifying education course if it meets the requirements of this regulation and 831 KAR 3:030 Sections 1 and 2.(2)
The board shall approve a continuing education course if it meets the requirements of this regulation.Section 4.
Standards for continuing education courses.(1)
A continuing education course shall:(a)
Be at least two (2) class hours in duration; and(b)
Be designed to maintain or increase an appraiser's skill, knowledge, and competency in real property appraisal.(2)
A continuing education course shall cover topics related to real property appraisal, including:(a)
Ad valorem taxation;(b)
Arbitration, dispute resolution;(c)
Courses related to the practice of real estate appraisal or consulting;(d)
Development cost estimating;(e)
Ethics and standards of professional practice, USPAP;(f)
Fair housing, valuation bias, and equal housing opportunity;(g)
Land use planning, zoning;(h)
Management, leasing, timesharing;(i)
Property development, partial interests;(j)
Real estate law, easements, and legal interests;(k)
Real estate litigation, damages, condemnation;(l)
Real estate financing and investment;(m)
Real estate appraisal-related computer applications;(n)
Real estate securities and syndication;(o)
Green building construction;(p)
Impact of seller concessions;(q)
Appraising personal property as a component of real property value; or(r)
Appraising business value as a component of real property value.(3)
A continuing education course on the topic of USPAP shall be instructed by at least one (1) AQB Certified USPAP Instructor who is also a state certified appraiser in good standing.Section 5.
Distance education standards.(1)
Continuing education or qualifying education class hours may be delivered by synchronous distance education.(2)
Continuing education or qualifying education class hours may be delivered by asynchronous distance education if:(a)
The course provides a reciprocal environment where the student has verbal or written communication with the instructor;(b)
Approval of course content for college-level courses is obtained from the board, the AQB, or an accredited college, community college, or university that offers distance education programs and is approved or accredited by the Commission on Colleges, a regional or national accreditation association, or by an accrediting agency that is recognized by the United States Secretary of Education;(c)
Approval of non-academic credit college courses provided by a college is approved by the board or the AQB; and(d)
Course delivery mechanism approval is obtained from:1.
The AQB;2.
An organization approved by the AQB to provide approval of course design and delivery;3.
A college or university that is approved or accredited by the Commission on Colleges, a regional or national accreditation association, or by an accrediting agency that is recognized by the United States Secretary of Education, and that:a.
Awards academic credit for the distance education course; orb.
Has a distance education delivery program that approves the course design and delivery that incorporates a reciprocal environment where the student has verbal or written communication with the instructor.(3)
Continuing education or qualifying education class hours may be delivered by hybrid distance education if each of its class hours meets the requirements of subsection (1) or (2) of this section.Section 6.
Incorporation by Reference.(1)
"Application for Course Approval," KREAB Form 013, 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 approval, renewal, and standards of continuing education courses by the Kentucky Real Estate Appraisers Board ("Board").
(b) The necessity of this administrative regulation:
This regulation is necessary to establish requirements for continuing education courses for certification and licensure of appraisers.
(c) How this administrative regulation conforms to the content of the authorizing statutes:
KRS 324A.035 requires the board to establish requirements for the education of appraisers. KRS 324A.035(d) and (f) requires the board to establish requirements for education and continuing education of appraisers, respectively.
(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 and approval processes for continuing education courses.
(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 an unknown number of current and prospective licensees, education providers, and instructors.
(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:
Current licensees will not need to take any new steps to comply with this regulation. This regulation is a new regulation and recodification of prior 201 KAR Chapter 30. Current and prospective education providers and instructors will need to follow the requirements set forth in this regulation.
(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 and prospective education providers and instructors will be able to identify the requirements set forth in this regulation.
(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 education course providers interested in providing prelicensing or continuing education courses and to all certificate and license 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.020, 324A.035, 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, 12 U.S.C. 3351
(2) State compliance standards.
KRS 324A.020, 324A.035, 324A.065
(3) Minimum or uniform standards contained in the federal mandate.
m12 U.S.C. 3345, 12 U.S.C. 3347, 12 U.S.C. 3351
(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.