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 specific legislative rule referenced is identified as 190 CSR 05, which was filed in the State Register on August 30, 2024, and subsequently modified to address the concerns of the Legislative Rule-Making Review Committee before being refiled on October 7, 2024. The primary purpose of this bill is to ensure that the Real Estate Appraiser Licensing and Certification Board has the authority to establish and enforce regulations that govern the registration and renewal processes for appraisal management companies, thereby enhancing oversight and compliance within the real estate appraisal industry in West Virginia.

Statutes affected:
Introduced Version: 64-9-1