House Bill No. by Representative Boyd aims to amend and reenact certain provisions related to real estate appraisers in Louisiana, specifically focusing on continuing education requirements and definitions. The bill stipulates that prior to renewing a registration or license, applicants must obtain at least twenty-eight hours of continuing education credit in courses approved by the board and in accordance with the Real Property Appraiser Qualification Criteria. Additionally, the bill repeals existing provisions regarding application timelines and a sunset provision, streamlining the process for appraisers.

The bill also revises the definitions of "appraisal management company" and "appraisal management services." The new definition of an appraisal management company specifies that it must provide appraisal management services to creditors or secondary mortgage market participants, oversee a panel of licensed appraisers, and clarify what it does not include. Furthermore, the definition of appraisal management services is expanded to encompass various activities such as recruiting appraisers, managing the appraisal process, and reviewing appraiser work. The proposed changes are set to take effect on January 1, 2026, while other provisions will become effective 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)