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 aligned with the Real Property Appraiser Qualification Criteria. The bill also removes the previous requirement for appraisers to obtain a minimum of seven hours specifically on the Uniform Standards of Professional Appraisal Practice (USPAP) as part of their continuing education.

Additionally, the bill revises the definition of "appraisal management company" to clarify the services they provide and outlines the specific functions that constitute "appraisal management services." It repeals certain provisions related to 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 after the legislative approval process.

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)