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Legislative Year: 2022 Change
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Bill Detail: HB22-1261

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Title Sunset Board Of Real Estate Appraisers
Status Governor Signed (06/02/2022)
Bill Subjects
  • Professions & Occupations
House Sponsors N. Ricks (D)
D. Roberts (D)
Senate Sponsors K. Priola (R)
C. Hansen (D)
House Committee Business Affairs and Labor
Senate Committee Business, Labor and Technology
Date Introduced 02/24/2022
Summary

Sunset Process - House Business Affairs and Labor
Committee. The bill implements the recommendations of the department

of regulatory agencies, as contained in the department's sunset review of
the board of real estate appraisers (board), as follows:
  • Continues the board for 9 years, until September 1, 2031
(sections 1 and 2 of the bill);
  • Requires the board to adopt rules to authorize an exemption
from compliance with the uniform standards of
professional appraisal practice that would allow an
appraiser to perform an evaluation instead of a full
appraisal for a federally regulated financial institution and
authorizes an appraiser to conduct an evaluation in
accordance with the board's rules (sections 3 and 6);
  • Amends statute to comport with federal law, including
updating the number of appraisers with which a licensed
appraisal management company does business, updating
the qualifications for licensure to require the minimum
appraisal experience required by the Appraiser
Qualifications Board of the Appraisal Foundation or its
successor organization, clarifying the federal regulating
authorities that regulate a financial institution exempted
from state registration or licensure, and aligning the hours
of continuing education required for reactivation of an
inactive license with the number of hours required by the
Appraiser Qualifications Board (sections 4 and 6 to 8);
  • Repeals the requirement that the board send letters of
admonition by certified mail (sections 9 and 10);
  • Clarifies that fines are assessed on a per-violation basis and
reduces the maximum penalty from $2,000 to $1,000,
which maximum penalty applies to any violation (section
9
); and
  • Directs the state treasurer to credit penalties and fines
collected to the general fund instead of the division of real
estate cash fund (section 5).

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (04/08/2022) (most recent)  
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