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The Texas Appraiser Licensing and Certification Board met December 2 and heard updates from staff, discussed the new partnership with the Texas Workforce Commission Civil Rights Division to each review consumer complaints that allege appraisal bias, and adopted and proposed changes to rules.
During the TALCB Meeting, the Board proposed new rules that remove the sanctions guidelines from the complaint processing rule and make it into a separate rule. Written comments on the proposed rule changes are now being accepted. The earliest the rules could be adopted is at the TALCB Meeting on February 3, 2023.
- Use the?public comment tool?to submit your comments.
- Send comments?via email.
- Mail comments to: General Counsel, Texas Appraiser Licensing and Certification Board, P.O. Box 12188, Austin, Texas 78711-2188.
The?Appraiser Diversity Initiative (ADI), launched in 2018, is designed to attract new entrants to the appraisal field and foster diversity by helping them navigate education, training, and experience requirements. Fannie Mae Lead Associate, Single Family Collateral Risk Sergio Johnson provides more details about the program and how you may be able to get involved.
Appraisal Management Companies registered with TALCB must complete AMC National Registry mandatory reporting and pay the registration fee by?March 31, 2023.?AMCs that do not timely comply will not be added to the national registry, resulting in ineligibility to perform services on federally related transactions.In addition, failure to timely comply will result in a late fee of $500 and may result in disciplinary action.
The current registry reporting period is?January 1, 2022, through December 31, 2022. Mandatory reporting can be completed by logging on to TALCB?s?Online Services. Registrants must report:
- Whether the AMC oversees an appraiser panel of more than 15 appraisers in Texas or 25 or more appraisers in multiple states;
- Whether the AMC is a federally regulated AMC;
- Ownership information; and
- The number of appraiser panelist who performed work on one or more covered transactions in Texas during the reporting period.
The AMC National Registry Fee is $25 per panelist who performed work on a covered transaction between January 1, 2022, through December 31, 2022. This fee will be transmitted to the Appraisal Subcommittee. In addition, a 3% online processing fee will be applied, which will be transmitted to Texas Online. Neither fee is kept by TALCB.
FAQs on the process and an instruction video can be found on the?TALCB website. Please email us for assistance.?
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