Legislative

                Appraisers Coalition of Washington

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                                Legislative Updates

 

ACOW continues to advocate for appraisers and has plans to introduce new bills in 2018.  Additionally, In early 2018 ACOW is planning a Legislative Day at the States Capital.  The exact date has not been set yet, but we anticipate this will occur in January or February.  Once the date is set, it will be published and we encourage all appraisers to contact their legislators and attend this event.   More to follow!

Washington Legislative Bills

In June 2016 Bill SSB 5597.SL (Real Estate Appraisers – Licensure – License in Other State) was passed and signed into law.  This bill allows certified/licensed appraiser from other states to obtain credentials in Washington, providing the appraiser licensing and certification program of their state is in compliance with 12 U.S.C. Sec. 3331-3355,5.

View the 2016 Bill – SSB 5597.SL

Governor Jay Inslee signs Substitute Senate Bill No. 5597, March 31, 2016, relating to real estate appraisers. Shown from left to right. Jerry McDonald, Administrator, Real Estate Programs; Dee Sharp, Appraisers Program Manager; Bob Mossuto, MNAA, ACOW Board Member; T.K Bentler, ACOW Lobbyist; Stephanie Sams, Policy and Legislative Analyst, Director’s Office; Kathleen Drew, Assistant Director for Business and Professional Licensing; Senator Pam Roach, President Pro Tempore and Chair of the Senate Government Operations and Security. Seated in front is Governor Jay Inslee.

Two Bills that ACOW worked on in 2014:  

H-3202.1/14: Allowing appraisers to place a lien on property  for unpaid balances for services rendered and H-3317.1/14 Creating an inactive certification, license,  or registration status for real estate appraisers.

Unfortunately, these bills were not passed!

View the 2014 Bills

AMC Bill that ACOW worked on in 2011:

2011 – Washington AMC Law:  One of the most important bills affecting appraisers in this state was the passing of Bill 3040, leading to Revised Code of Washington (RCW), Title 18, Chapter 18.310 – (State AMC Law), which regulates Appraisal Management Companies.  This bill took effect in July, 2011 and ACOW played a big part in getting it passed.

View RCW – Appraisal Management Companies

billsigning
2011 Bill signing with Governor Gregoire

Other Legislative Information

POSTED  7/7/15
Integrated Mortgage Disclosures Rule under the Real Estate Settlement Procedures Act and the Truth in Lending Act and Amendments; Delay of Effective Date
Docket ID: CFPB-2015-0029

Agency: Consumer Financial Protection Bureau (CFPB)

Summary:
The Consumer Financial Protection Bureau (Bureau) is proposing to delay the August 1, 2015, effective date of the Integrated Mortgage Disclosures Rule Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z) (TILA–RESPA Final Rule) and the related Amendments to the 2013 Integrated Mortgage Disclosures Rule Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth In Lending Act (Regulation Z) and the 2013 Loan Originator Rule Under the Truth in Lending Act (Regulation Z) (TILA– RESPA Amendments) to October 3, 2015. In light of certain procedural requirements under the Congressional Review Act (CRA), the TILA–RESPA Final Rule and the TILA–RESPA Amendments cannot take effect on August 1, 2015. Under the CRA, and unless the Bureau takes the action proposed in this document, the rule will take effect 60 days after the date on which Congress received the rule. The Bureau requests comment on a proposal to extend the effective date of both the TILA–RESPA Final Rule and the TILA– RESPA Amendments to October 3, 2015. View primary document here

As always, should you or someone from your office have an issue or idea and would like the ACOW board to address it, please contact us at info@acow-wa.org or call 1-206-622-8425.