Bill > H0421

This bill amends existing law to remove unnecessary language, specify certain requirements regarding fees collected, and require that certain Appraisal Management Company (AMC) owners and key persons meet minimum federal requirements. Specifically, the bill: 1) removes unnecessary language from the disciplinary proceedings section of the law; 2) allows the board to collect additional fees required by federal agencies to make Idaho appraisers eligible to perform federally related appraisals, and to collect fees from AMCs to provide appraisal management services for federally related transactions; 3) requires that AMCs be owned by individuals who have not had their appraiser licenses revoked for substantive cause, and that AMC owners and controlling persons meet minimum federal requirements and submit to background checks.

Business and Industry, Justice

Business Committee (House)

https://legislature.idaho.gov/sessioninfo/2020/legislation/H0421/