This bill amends and reenacts specific sections of Louisiana's real estate appraisal laws, particularly focusing on continuing education requirements for appraisers and updating definitions related to appraisal management companies. It mandates that renewal applicants for licenses or registrations must complete at least twenty-eight hours of continuing education, aligning with the Real Property Appraiser Qualification Criteria. The bill also removes the previous requirement for appraisers to obtain a minimum of seven hours of continuing education specifically on the Uniform Standards of Professional Appraisal Practice (USPAP) as part of their total education credits.

Additionally, the bill introduces new definitions for "appraisal management company" and "appraisal management services," clarifying the roles and responsibilities of these entities in the appraisal process. It repeals certain provisions, including an application timeline and a sunset provision, which may have previously limited the effectiveness of the law. The effective date for the new provisions is set for January 1, 2026, while other sections will take effect upon the governor's signature or after the designated time frame for bills to become law without signature.

Statutes affected:
HB288 Original: 37:3408(B), 37:2(3), 37:3398(C)
HB288 Engrossed: 37:3408(B), 37:2(3), 37:3398(C)
HB288 Enrolled: 37:3408(B), 37:2(3), 37:3398(C)
HB288 Act 263: 37:3408(B), 37:2(3), 37:3398(C)