House Bill 538

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Last Action to Licensing & Occupations (H)
Title AN ACT relating to appraisal management companies.
Bill Documents Bill
Bill Request Number 1556
Sponsor B. Damron
Summary of Original Version Create new sections of KRS Chapter 324A to establish the appraisal management company education, research, and recovery fund; direct the Real Estate Appraisal Board to assess each registrant an annual fee of $800 to be included in the fund; designate purposes of the fund; require the board to maintain a minimum fund level of $200,000 for recovery and guaranty purposes; permit the board to use funds in excess of the required minimum balance for educational and other purposes that advance the appraisal field in Kentucky; establish procedure for making claims against the fund; define "aggrieved party"; permit the board to require a respondent to pay costs of investigation and all proceedings when disciplinary action is imposed pursuant to the chapter.
Index Headings of Original Version Fees - Appraisal management company education, research, and recovery fund, creation of
Licensing - Appraisal management company education, research, and recovery fund, creation of
Occupations and Professions - Appraisal management company education, research, and recovery fund, creation of
Real Estate - Appraisal management company education, research, and recovery fund, creation of

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03/01/12
  • introduced in House
03/05/12
  • to Licensing & Occupations (H)


Last updated: 8/27/2019 8:05 PM (EDT)