This bill amends the Code of West Virginia to authorize the Real Estate Appraiser Licensing and Certification Board to establish a legislative rule concerning the requirements for the registration and renewal of appraisal management companies. Specifically, it references the legislative rule filed in the State Register on August 30, 2024, which was modified to address the concerns of the Legislative Rule-Making Review Committee and subsequently refiled on October 7, 2024. The new rule is identified as 190 CSR 05. The primary aim of this legislation is to ensure that the Real Estate Appraiser Licensing and Certification Board has the authority to implement necessary regulations that govern appraisal management companies, thereby enhancing oversight and compliance within the real estate appraisal industry in West Virginia.

Statutes affected:
Introduced Version: 64-9-1