Bill: HB 3261, 85(R) - 2017

Committee

House Licensing & Administrative Procedures

Companion Bill

SB 1516

Vote Recommendation

Vote Recommendation Economic Freedom Property Rights Personal Responsibility Limited Government Individual Liberty
No Negative Neutral Neutral Negative Neutral

Author(s)

Charlie Geren

Bill Caption

Relating to the registration and regulation of appraisal management companies; authorizing fees; expanding the applicability of an occupational registration.

Bill Analysis

HB 3261 would amend the Occupations Code relating to the registration and regulation of appraisal management companies, and expanding the applicability of an occupational registration. The Texas Appraiser Licensing and Certification Board would be required to collect the national registry fee and corresponding information from federally regulated appraisal companies. These collected fees would be deposited to the credit of the appraiser registry account in the general revenue fund.

An administrative penalty collected under this section must be deposited in a restricted fund maintained and operated by the board to develop educational programs for appraisers or to conduct studies that enhance consumer protection. The board would be permitted to negotiate a settlement and enter into an agreed order with an appraisal management company or person who is the subject of a complaint. 

Vote Recommendation Notes

While most of these changes are procedural, HB 3261 ultimately expands occupational regulations and authorizes a new fee on appraisal companies. This is in opposition to the principles of free markets and limited government. For this reason we oppose HB 3261.
Source URL (retrieved on 04/18/2024 10:04 PM): http://reports.texasaction.com/bill/85r/hb3261?print_view=true