Action:
Amendment to incorporate federally mandated changes
Action 5421
General Information
| Action Summary |
During its biennial compliance review of Virginia’s appraisal management company (AMC) regulatory program, the Appraisal Subcommittee (ASC) found the Board's AMC regulation governing owners with past disciplinary action did not comply with federal requirements. This action amends 18 VAC 130-30-30.F of the Board’s AMC regulations to conform to federal law by removing the 10% ownership limit and changes it to any ownership interest. |
| 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:
§ 2.2-4006.A.4.c
|
| RIS Project |
Yes [006227] |
|
Is Federal action a driving factor in this regulatory change? If so, please provide a specific reference to the law, regulation
or court case.
12 CFR 34.214
|
| 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 |
|
8812
|
Final
|
Stage complete. This regulation became effective on 01/15/2020. |
Contact Information
|
Name / Title:
|
Anika Coleman
/
Executive Director
|
|
Address:
|
9960 Mayland Drive, Suite 400
Richmond, VA 23233
|
|
Email Address:
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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.
