Action:
Amending regulations to incorporate federally mandated changes
Action 5638
General Information
Action Summary |
Federal law authorizes the Appraisal Qualifications Board (AQB) to set the minimum criteria for states to license and certify real estate appraisers. The AQB’s minimum qualification requirements are expressed in The Real Property Appraiser Qualification Criteria. The AQB revised the Criteria to revise the definition of licensed residential real estate appraiser. The Virginia Real Estate Appraiser Board regulations are being amended to comply with the January 1, 2021, Criteria changes. |
Chapters Affected |
Only affects this chapter.
|
Executive Branch Review |
This Action is exempt from Article 2 of the Administrative Process Act.
The normal executive branch review process is not required. As such, it can be submitted directly for publication and
is effective upon publication.
Exempt Citation:
Exempt Citation: § 2.2-4006(A)(4)(c)
|
RIS Project |
Yes [006551] |
Is Federal action a driving factor in this regulatory change? If so, please provide a specific reference to the law, regulation
or court case.
Section 1116 [12 U.S.C. 3345] of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989
|
New Periodic Review |
This action will not be used to conduct a new periodic review.
|
Stages
Stages associated with this regulatory action.
Stage ID |
Stage Type |
Status |
9118
|
Final
|
Stage complete. This regulation became effective on 01/01/2021. |
Contact Information
Name / Title:
|
Anika Coleman
/
Executive Director
|
Address:
|
9960 Mayland Drive, Suite 400
Richmond, VA 23233
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Email Address:
|
reappraisers@dpor.virginia.gov
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Phone:
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(804)367-8552
FAX: (866)826-8863
TDD: ()-
|
This person is the primary contact for this board.