Action:
Exempt action to comply with 01-01-2015 AQB Changes
Action 4247
General Information
Action Summary |
§1116 [12 U.S.C. 3345] of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA – Real Estate Appraisal Reform) authorizes the Appraisal Qualifications Board (AQB) of The Appraisal Foundation (TAF) to set the minimum criteria for states to license and certify real estate appraisers. The AQB’s minimum qualification requirements are expressed in The Real Property Appraiser Qualification Criteria (Criteria), which can be accessed here.
The AQB amended the Criteria, and the new Criteria requirements must go into effect on January 1, 2015. The specific amendments to the Criteria can be reviewed at: Upcoming Changes to Real Property Appraiser Qualifications. The following Real Estate Appraiser Board (Board) regulations must be amended to comply with the January 1, 2015, Criteria changes. |
Chapters Affected |
Only affects this chapter.
|
Executive Branch Review |
This Action is exempt from Article 2 of the Administrative Process Act.
The normal executive branch review process is not required. As such, it can be submitted directly for publication and
is effective upon publication.
Exempt Citation:
Subsection A.4.c of § 2.2-4006 of the Code of Virginia
|
RIS Project |
Yes [004118] |
New Periodic Review |
This action will not be used to conduct a new periodic review.
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Stages
Stages associated with this regulatory action.
Stage ID |
Stage Type |
Status |
7056
|
Final
|
Stage complete. This regulation became effective on 01/01/2015. |
Contact Information
Name / Title:
|
Anika Coleman
/
Executive Director
|
Address:
|
9960 Mayland Drive, Suite 400
Richmond, VA 23233
|
Email Address:
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reappraisers@dpor.virginia.gov
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Phone:
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(804)367-8552
FAX: (866)826-8863
TDD: ()-
|
This person is the primary contact for this board.