HB2608 H GO AMT 3-19
Thompson 3192
The Committee on Government Organization moves to amend the
title of the bill to read as follows:
"A BILL to amend and reenact §30-38-6, §30-38-7 and §30-38-9
of the Code of West Virginia, 1931, as amended; and to amend said
code by adding thereto a new article, designated §30-38A-1, §30-
38A-2, §30-38A-3, §30-38A-4, §30-38A-5, §30-38A-6, §30-38A-7, §30-
38A-8, §30-38A-9, §30-38A-10, §30-38A-11, §30-38A-12, §30-38A-13,
§30-38A-14, §30-38A-15, §30-38A-16 and §30-38A-17, all relating to
regulating appraisal management companies; requiring appraisal
management companies to be registered with the West Virginia Real
Estate Appraiser Licensing and Certification Board; adding a member
representing appraisal management companies to the board; updating
the duties, powers and rulemaking authority of the board;
prohibiting any person or firm from performing or offering to
perform appraisal management services without a registration issued
by the board; defining certain terms; setting forth requirements
for registration, including written applications, verifications and
criminal background checks; providing exemptions from registration
requirements; requiring surety bonds; setting forth duties of
appraisal management companies; authorizing certain fees; requiring
appraisal management companies to designate a controlling person;
establishing requirements and authorizing complaints for the
removal of an appraiser from an appraiser panel; setting forth duties of appraisal management companies; defining what constitutes
unprofessional conduct; setting forth prohibited acts; authorizing
disciplinary action; providing for hearing and notice procedures;
authorizing civil penalties; and authorizing the board to seek
injunctive relief."