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, including courses approved by the board and in accordance 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) each renewal period.

Additionally, the bill revises the definition of "appraisal management company" to clarify its functions and excludes entities that provide appraisal management services solely to themselves. It also expands the definition of "appraisal management services" to include various administrative tasks related to the appraisal process. Furthermore, the bill repeals certain provisions regarding application timelines and a sunset provision, streamlining the regulatory framework for real estate appraisers. The effective date for the amendments is set for January 1, 2026, while other sections will take effect upon the governor's signature or the expiration of the time 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)