Texas House Bill HB2375

Texas 2011 - 82nd Regular

• Out of House Committee: 3/25/11
• Voted on by House: 4/15/11
• Out of Senate Committee: 5/3/11
• Voted on by Senate: 5/10/11
• Engrossed: 4/15/11
• Governor Action: 5/27/11
• Report Pass: 5/3/11
• Enrolled: 5/11/11
• Passed: 5/27/11

Caption

Relating to practices and professions regulated by the Texas Appraiser Licensing and Certification Board.

Impact

The bill introduces significant changes affecting the issuance and renewal processes for appraisers, including provisions for administrative penalties for violations of rules, alterations in the application processes, and the establishment of a probationary licensing mechanism. The adjustments are intended to streamline regulatory compliance, increase accountability amongst appraisers, and provide clearer paths for those wishing to obtain or maintain their appraisal licenses. Furthermore, the bill emphasizes the importance of continuous education and ethical practice within the profession, which is expected to elevate the standard of real estate appraisals in the state.

Summary

House Bill 2375 pertains to the practices and professions regulated by the Texas Appraiser Licensing and Certification Board. This legislation includes amendments aimed at updating the regulatory framework for real estate appraisers in Texas, ensuring that state laws conform to the requirements mandated by federal law, specifically Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. The bill outlines various changes in terminology, definitions, and procedural protocols that collectively enhance the standards for the profession of appraisal in Texas.

Contention

Notable points of contention associated with this bill involve concerns regarding the balance of regulatory oversight versus professional autonomy. Some stakeholders argue that increased regulatory measures could inhibit the ability of appraisers to operate independently while others express the need for stricter accountability to protect consumers and ensure the integrity of appraisals. Additionally, the bill’s impact on removal procedures for appraisers and the authority granted to the board for temporary suspensions raises debates on due process rights and the standards by which appraisers might be judged and penalized.