| Last Action | 03/15/21: signed by Governor (Acts Ch. 21) |
|---|---|
| Title | AN ACT relating to the Kentucky Real Estate Appraisers Board. |
| Bill Documents |
Acts Chapter 21
Current/Final Introduced |
| Bill Request Number | 161 |
| Sponsors | D. Frazier Gordon, S. McPherson, R. Palumbo |
| Summary of Original Version | 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 make technical corrections; amend KRS 324A.047 and 324A.050 to clarify standards; amend KRS 324A.052 to require complaints to be filed within five years after the date of transmittal of the appraisal report or review assignment or at least two years after the final disposition of any judicial proceeding that the appraiser provided testimony related to the assignment; amend KRS 324A.065 to require the initial application fee to not exceed $200 for federally related transactions; require the annual certificate and licensure fees to not exceed $200 for federally related transactions; establish a returned check fee of $50 for federally related transactions; eliminate the initial application fee, examination fee, duplicate certificate fee, and roster fee for nonfederally related transactions; require the board to promulgate administrative regulations to establish and collect a prelicensure fee not to exceed $100 and a continuing education course review fee not to exceed $50; amend KRS 324A.150 to include a network, list, or roster of licensed or certified appraisers to the definition of "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 require the board to promulgate administrative regulations 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 - Federally related transactions, licensure fees Licensing - Real estate appraisers, fees Occupations and Professions - Real estate appraisers, licensing requirements Administrative Regulations and Proceedings - Kentucky Real Estate Authority, administrative regulations, approval Boards and Commissions - Real Estate Appraisers Board, requirements |
| Jump to Proposed Amendments | House Committee Substitute 1 |
| Votes | Vote History |
| 01/05/21 |
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| 02/02/21 |
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| 02/22/21 |
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| 02/24/21 |
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| 02/25/21 |
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| 03/01/21 |
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| 03/02/21 |
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| 03/03/21 |
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| 03/04/21 |
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| 03/05/21 |
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| 03/11/21 |
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| 03/12/21 |
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| 03/15/21 |
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| Amendment | House Committee Substitute 1 |
|---|---|
| Summary | Retain original provisions, except require the time limitation for complaints inapplicable to those complaints involving the actions outlined in KRS 324A.050(1)(c), (d), (g), and (k). |
| Index Headings |
Licensing - Real estate appraisers, complaints with the board Occupations and Professions - Real estate appraisers, requirements Real Estate - Real estate appraisers, complaints with the board Boards and Commissions - Real estate appraisers, complaints with the board |
Last updated: 11/9/2023 2:52 PM (EST)