House Bill 364

Actions
Last Action 02/05/20: to Licensing, Occupations, & Admin Regs (H)
Title AN ACT relating to the Kentucky Real Estate Appraisers Board.
Bill Documents Introduced
Bill Request Number 1524
Sponsors D. Frazier, D. Lewis
Summary of Original Version Amend KRS 324A.010 to redefine "federally related transaction"; amend KRS 324A.015 to require the board to employ state certified general appraisers with at least five years of experience to conduct grievance investigations; amend KRS 324A.035 to prevent newer appraisers from becoming appraisers of nonfederally related transactions; amend KRS 324A.047 and 324A.050 to clarify standards; amend KRS 324A.052 to establish complaint time limits; amend KRS 324A.065 to set and reduce fees; amend KRS 324A.150 to redefine "appraiser panel"; amend KRS 324A.152 to require an appraisal management company to certify that it is not partly or fully owned by an appraiser whose license has been disciplined; amend KRS 324A.154 to allow the appraiser board to promulgate administrative regulations only with the approval of the executive director of the Kentucky Real Estate Authority; amend KRS 324A.164 to exclude a federally defined "federally regulated appraisal management company" from the appraisal management company statutes.
Index Headings of Original Version Fees - Real estate appraiser licensees and educators, various fees for
Licensing - Real estate appraisers and appraisal management companies, licensure and certification of
Occupations and Professions - Real estate appraisers and appraisal management companies, licensure and certification of
Real Estate - Appraisers and appraisal management companies, licensure and certification of
Boards and Commissions - Real Estate Appraisers Board, authority over appraiser professions

Actions

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02/03/20
  • introduced in House
02/05/20
  • to Licensing, Occupations, & Admin Regs (H)


Last updated: 3/27/2020 4:06 PM (EDT)
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