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TALCB workshop reviews how federal oversight, private standards and state rules fit together
Summary
At a Nov. 13 workshop, the Texas Appraiser Licensing and Certification Board reviewed the layered appraisal regulatory system, from FIRREA and the Appraisal Subcommittee to the Appraisal Foundation's AQB and ASB, and walked members through Texas open-meetings and walking-quorum obligations.
The Texas Appraiser Licensing and Certification Board (TALCB) spent the bulk of its Nov. 13 workshop reviewing how appraisal regulation is structured and what that means for board practice.
Staff led members through the three-tier model that governs appraisal work: private standards- and qualification-setting bodies, state licensing agencies and federal oversight. Melissa Tran described the post-1989 framework established after the savings-and-loan crisis, noting the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) authorized states to create licensing agencies and prompted national…
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