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Short technical bill would align appraiser oversight language with federal audit recommendations
Summary
House Bill 426 would amend a limited provision of statute governing Appraisal Management Companies (AMCs) to incorporate terminology recommended by a federal off‑site audit; department and sponsor characterized the change as technical.
Rep. Valerie Moore introduced House Bill 426 saying the change responds to a 2022 off‑site federal audit that recommended a statutory clarification for the program that regulates Montana Appraisal Management Companies (AMCs).
Department of Labor and Industry counsel testified that the bill inserts the phrase “substantive cause” into an existing revocation standard and removes redundant language that a license was not subsequently granted or reinstated — a technical change the department said would bring Montana statute into line with federal expectations and keep federal oversight aligned so the state may continue to administer the AMC program.
No proponents or opponents offered extended testimony beyond the department and sponsor. Committee members asked procedural questions about the audit and whether the change would affect appraisal availability; department staff said it is a narrowly tailored correction and would not alter recruitment or licensing processes.
The hearing concluded with proponents urging a do‑pass recommendation to correct the statute as recommended by the federal audit. No formal action was recorded at the hearing.
