LSA 23-295 Real Estate Commission; Real Estate Appraiser Rule Update
Rulemaking Docket |
||
|---|---|---|
|
Date (“E”) for estimated future date |
Information |
| LSA document number | 04-19-2023 | LSA 23-295 Real Estate Commission; Real Estate Appraiser Rule Update |
| Description of rule | 04-19-2023 | Amends 876 IAC 3-1-3 to update the definition of "license". Amends 876 IAC 3-2-4 concerning expired licenses. Amends 876 IAC 3-2-5 concerning reinstatement of an expired license. Amends 876 IAC 3-3- 2.5 to remove duplicative language. Adds 876 IAC 3-3-2.7 to incorporate criteria of classifications. Amends 876 IAC 3-3-3.1, 876 IAC 3-3-4.1, and 876 IAC 3-3-5.1 to update educational requirements. Amends 876 IAC 3-3-10 to update language that refers to the Uniform Standards of Professional Appraisal Practice (USPAP) Standards #2. Amends 876 IAC 3-3-11 and 876 IAC 3-3-12 to update appraisal report labels to include a new appraisal format that is being utilized by mortgage lenders; to clarify which appraisal activities may be counted as appraisal experience; to correct a cross-reference; and to clarify the scope of work that licensed trainees are prohibited from performing. Amends 876 IAC 3-3-13.1 to clarify that applicants may claim credit for the actual time spent on various appraisal activities up to the maximum values established by the board; to update the hour value of experience to simplify the charts and include specific assignment categories; and to allow the board to grant credit for appraisal work above the maximum hours set forth in the rule. Amends 876 IAC 3-3-15 to update examination application requirements. Amends 876 IAC 3-5-1 and 876 IAC 3-5-1.5 concerning continuing education requirements. Amends 876 IAC 3-5-7 to update instructor requirements for continuing education. Amends 876 IAC 3-6-2 and 876 IAC 3-6-3 to update to current USPAP standards. Amends 876 IAC 3-6-8 to remove duplicative language. Amends 876 IAC 3-6-9 concerning supervision of Indiana licensed trainee appraisers. Amends 876 IAC 3-6-10 concerning the licensed trainee appraisers and supervisors/trainee appraiser course. Makes technical corrections and eliminates outdated provisions |
| Notice of intent | 04-19-2023 | http://iac.iga.in.gov/iac//20230419-IR-876230295NIA.xml.pdf |
| Proposed rule | 06-21-2023 | http://iac.iga.in.gov/iac//20230621-IR-876230295PRA.xml.pdf |
| Public hearing notice (publication date) |
06-21-2023 (E) | http://iac.iga.in.gov/iac//20230621-IR-876230295PHA.xml.pdf |
| Economic impact statement | 06 | http://iac.iga.in.gov/iac//20230621-IR-876230295EIA.xml.pdf |
| Public hearing date and location | 08-09-2023 | Indiana Government Center South 402 West Washington Street Room W064 Indianapolis, Indiana 46204 9:00 a.m. |
| IEDC comments | 05-22-2023 | |
| Deadline for comments | 08-08-2023 | Indiana Appraiser Certification Board Indiana Government Center South 402 West Washington Street Room W072 Indianapolis, Indiana 46204 |
| Submit comments Online | 08-08-2023 | pla10@pla.in.gov |
| Mailing address for comments | 08-08-2023 | Indiana Appraiser Certification Board Indiana Government Center South 402 West Washington Street Room W072 Indianapolis, Indiana 46204 |
| Comments may be inspected at this location | 08-08-2023 | Indiana Appraiser Certification Board Indiana Government Center South 402 West Washington Street Room W072 Indianapolis, Indiana 46204 |
| Request for public hearing | ||