Abbott Signs TALCB SB 1007Abbott Signs TALCB SB 1007https://www.recenter.tamu.edu/news/newstalk-texas/?Item=100272015-06-26T14:48:00Z2015-06-26T00:00:00Z

AUSTIN (Texas Appraiser Licensing & Certification Board) – The Texas Appraiser Certification Board (TALCB) housekeeping bill, SB 1007, has been signed into law. This bill affects many aspects of Chapter 1103 of the Texas Occupations Code, which is the governing chapter for Texas appraisers.

The bill extended the terms of the board members from two to six years and adds other provisions similar to those of other statewide policy bodies. In addition, the appraisal management company (AMC) advisory committee has been expanded from three members to five members to more effectively handle the workload anticipated by federal rulemaking.

The bill grants the board the authority to implement the federal appraisal qualifications board (AQB) criminal history check requirements for appraisers, which will become effective Jan. 1, 2017. The bill also contains provisions which allow the agency to keep the complaint investigation files confidential during the investigation process. It also clarifies that allegations made against appraisers are not considered "complaints" until verified by investigators.

The bill grants the board the authority to approve appraiser education providers, instructors and courses. In addition, the bill codifies the current board policy that restricts all administrative penalties to a fund dedicated to developing education opportunities or research.

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http://www.trec.state.tx.us/pdf/press_releases/20150618-sb1007announcement.pdfRead more at {Source}

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