This bill amends and reenacts section 64-9-1 of the Code of West Virginia, 1931, to authorize the Real Estate Appraiser Licensing and Certification Board to promulgate a legislative rule concerning the requirements for the registration and renewal of appraisal management companies. The legislative rule, which was filed in the State Register on August 30, 2024, has been modified to address the objections raised by the Legislative Rule-Making Review Committee and was refiled on October 7, 2024. The specific rule being authorized is identified as 190 CSR 05, which outlines the necessary criteria for appraisal management companies to register and renew their licenses. This legislative action aims to ensure that the regulatory framework governing appraisal management companies is clear and up-to-date, thereby enhancing the oversight and integrity of real estate appraisal practices in West Virginia.

Statutes affected:
Introduced Version: 64-9-1