12RS HB538
LRC Seal

HB538

12RS

WWW Version

The hyperlink to a bill draft that precedes a summary contains the most recent version (Introduced/GA/Enacted) of the bill. If the session has ended, the hyperlink contains the latest version of the bill at the time of sine die adjournment. Note that the summary pertains to the bill as introduced, which is often different from the most recent version.


HB 538 (BR 1556) - R. Damron

     AN ACT relating to appraisal management companies.
     Create new sections of KRS Chapter 324A to establish the appraisal management company education, research, and recovery fund; direct the Real Estate Appraisal Board to assess each registrant an annual fee of $800 to be included in the fund; designate purposes of the fund; require the board to maintain a minimum fund level of $200,000 for recovery and guaranty purposes; permit the board to use funds in excess of the required minimum balance for educational and other purposes that advance the appraisal field in Kentucky; establish procedure for making claims against the fund; define "aggrieved party"; permit the board to require a respondent to pay costs of investigation and all proceedings when disciplinary action is imposed pursuant to the chapter.

     Mar 1-introduced in House
     Mar 5-to Licensing & Occupations (H)


Legislature Home Page | Record Front Page