Kentucky House Bill 538 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 1 2012 - 25% progression, died in committee
Action: 2012-03-05 - to Licensing & Occupations (H)
Pending: House Licensing and Occupations Committee
Text: Latest bill text (Draft #1) [MS Word]

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.

AN ACT relating to appraisal management companies.

Rep. Robert Damron [D]

Date	Chamber	Action
2012-03-05		to Licensing & Occupations (H)
2012-03-01		introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/12RS/HB538.htm
Text	http://www.lrc.ky.gov/record/12RS/HB538/bill.doc