WV LEG Appraiser License Exceptions


On Mar. 8, WV LEG passed bill on exceptions to appraiser license.


  • WV LEG passed HB 5582 modifying exceptions for real estate appraisal licensure.
  • Bill amends exception to licensure requirements by amending WV LEG 30-38-1, WV LEG 30-38-3, WV LEG 30-38-6, WV LEG 30-38-7, and WV LEG 30-38-11.
  • Provisions
  • Requires disclosure when farm appraisal is performed by a non-licensed individual.
  • Adds the definition of evaluation for purposes of appraisal of real property.
  • Allows board to issue to licensed/certified appraisers digital copy of their credentials.
  • Permits an appraiser who failed to renew the opportunity to do so upon payment of late renewal fee and demonstration that they can resume practice will skill and safety.
  • Legislative History
  • On Feb. 12, 2024, bill introduced in House; on Feb. 23, 2024, bill passed House.
  • On Feb. 26, 2024, bill introduced in Senate; on Mar. 4, 2024, bill passed Senate.
  • Effectiveness
  • Upon approval by governor or veto override, HB 5582 will be effective immediately.
  • Mar. 27, 2024 WV LEG Governor Approval
  • On Mar. 27, 2024, WV LEG governor approved bill, becomes effective Jun. 5, 2024.

Regulators WV LEG
Entity Types Corp
Reference Bill, 3/27/2024; Bill, HB5582, 3/7/2024; Citation: *WV LEG* 30-38-1, 30-38-3, 30-38-6, 30-38-7, 30-38-11;
Functions Compliance; Legal; Registration/Licensing
Countries United States of America
Category
State
Products Corporate; Mortgage
Regions Am
Rule Type Final
Rule Date 3/8/2024
Effective Date 6/5/2024
Rule Id 204023
Linked to N/A
Reg. Last Update 3/27/2024
Report Section US Consumer

Last substantive update on 03/30/2024