Source: http://www.wvlegislature.gov/bill_status/bills_text.cfm?billdoc=HB2608%20SUB.htm&yr=2013&sesstype=RS&i=2608
Timestamp: 2019-01-23 19:32:38
Document Index: 98266563

Matched Legal Cases: ['§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30', '§30']

HB 2608 Text
Committee Substitute House Bill 2608 History
forH. B. 2608
(By Delegates Staggers, Morgan, Swartzmiller, R. Phillips, Diserio, Romine, Azinger, Border, and Householder)
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.
That §30-38-6, §30-38-7 and §30-38-9 of the Code of West Virginia, 1931, as amended, be amended and reenacted; that said code be amended 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 to read as follows:
(2) A firm that is more than ten percent owned by a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked or surrendered in this state or any other jurisdiction, unless the license or certificate was subsequently granted or reinstated.
(5) The applicant, each owner of more than ten percent, and the controlling person of the firm seeking registration are of good character and reputation and that none of them has had a license or certificate to act as an appraiser refused, denied, canceled, revoked or surrendered in this state or any other jurisdiction, and the license or certification was not subsequently granted or reinstated;
(6) The applicant, each owner of more than ten percent, and the controlling person of the firm seeking registration are not permanently or temporarily enjoined by a court of competent jurisdiction from engaging in or continuing any conduct or practice involving appraisals, appraisal management services or operating an appraisal management company;
(B) Withholding payment to an appraiser for appraisal services unless for breach of contract; or