WSR 20-01-127

PREPROPOSAL STATEMENT OF INQUIRY

DEPARTMENT OF LICENSING

[Filed December 16, 2019, 4:16 p.m.]

Subject of Possible Rule Making: Chapter 308-409 WAC, Appraisal management companies.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 18.310.020.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The proposed updates will modify existing rules to modify the license expiration to one year; allow for the collection and transmission of Appraisal Management Company National Registry data and fees to the Appraisal Subcommittee as required by Title XI, and will adopt a new rule pertaining to standards of practice as required by the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.

Process for Developing New Rule: Department staff will discuss any proposed amendments with affected stakeholders. Affected stakeholders will also have an opportunity to submit written comments on the proposed rule during the public comment period and will be able to present oral testimony at the public hearing.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Dee Sharp, Department of Licensing, Real Estate Program, P.O. Box 48053, Olympia, WA 98502, phone 360-664-6501, TTY 711, email dsharp@dol.wa.gov, website dol.wa.gov.

December 16, 2019

Damon Monroe

Rules Coordinator