Bill > HB609

This bill expands the eligibility and usage of senatorial and Delegate scholarships in Maryland to include students pursuing the Real Property Appraiser Qualification Criteria of the Practical Applications of Real Estate Appraisal Program. Specifically, the bill creates new exemptions from the standard scholarship examination requirements for applicants who are registered for or planning to complete this real estate appraisal program. The legislation allows scholarship funds to be used to cover expenses related to registering for and completing the Real Property Appraiser Qualification Criteria, which is adopted by the Appraisal Foundation Appraiser Qualifications Board under the Federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989. These changes apply to both senatorial and Delegate scholarship programs, effectively broadening the opportunities for students interested in real estate appraisal to receive financial support for their professional education and training. The bill will take effect on July 1, 2025, giving educational institutions and scholarship administrators time to prepare for the new provisions.

Budget and Finance, Education

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0609?ys=2025RS