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Senate panel approves appraisal-board changes to comply with federal Title 11 rules
Summary
The committee approved two bills (SB393 and SB394) updating appraisal-management-company rules, creating a registered apprentice classification for trainees, clarifying reciprocity and temporary practice permits, and adding a three-year civil statute of limitations consistent with case law.
The Senate State Agencies committee advanced two appraiser-regulation bills intended to bring Arkansas into full compliance with federal appraisal-management company rules under Title 11 (as amended by Dodd–Frank). Diana Pioski, director of Appraiser Licensing and Certification, told the committee the changes respond to deficiencies identified by the Appraisal Subcommittee and are primarily paperwork and compliance fixes.
SB3…
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