20100210-IR-876090769PHA Notice of Public Hearing LSA Document #09-769  

  • TITLE 876 INDIANA REAL ESTATE COMMISSION

    Notice of Public Hearing
    LSA Document #09-769


    Notice of Public Hearing

    Under IC 4-22-2-24, notice is hereby given that on March 10, 2010, at 10:50 a.m., at the Indiana Government Center South, 402 West Washington Street, Room W064, Indianapolis, Indiana, the Indiana Real Estate Commission will hold a public hearing on adopting the 2010-2011 edition of USPAP.
    The Real Estate Appraiser Licensure and Certification Board (Board) has the authority to recommend to the Indiana Real Estate Commission (Commission) rules governing the real estate appraisers licensed and certified under IC 25-34.1-3-8. The Commission also has the authority to promulgate rules establishing standards for the competent practice of the various occupations regulated in IC 25-34.1. The proposed rule simply incorporates the 2010-2011 edition of USPAP and updates the exclusions based on the 2010-2011 edition. USPAP is the national standard for professional appraisal practice that appraisers are expected to follow. The Board is incorporating these standards in their rules to keep current with the national standards. In addition, the federal government requires appraisers to use and comply with the Uniform Standards of Professional Appraisal Practice as a requirement for federal agencies. The Board has not relied upon any data, studies, or analyses in determining the imposition of requirement or cost.
    Copies of these rules are now on file at the Indiana Government Center South, 402 West Washington Street, Room W072 and Legislative Services Agency, One North Capitol, Suite 325, Indianapolis, Indiana and are open for public inspection.

    Frances L. Kelly
    Executive Director
    Indiana Professional Licensing Agency

    Posted: 02/10/2010 by Legislative Services Agency

    DIN: 20100210-IR-876090769PHA
    Composed: Nov 01,2016 12:51:34AM EDT
    A PDF version of this document.

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