KY HB364 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 3 2020 - 25% progression
Action: 2020-02-05 - to Licensing, Occupations, & Admin Regs (H)
Pending: House Licensing, Occupations, & Admin Regs Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

AN ACT relating to the Kentucky Real Estate Appraisers Board.

Sponsors


History

DateChamberAction
2020-02-05Houseto Licensing, Occupations, & Admin Regs (H)
2020-02-03Houseintroduced in House

Subjects


Kentucky State Sources


Bill Comments

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