HB 355 KY

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Became Law

Create a new section of KRS 324A.010 to 324A.100 to require actions against a certified or licensed real property appraiser to be brought within 1 year; amend various sections of KRS Chapter 324A to change "real estate appraisal" to "real property appraisal"; define "evaluation," "federally related transaction," and "real property-related financial transaction"; replace the Real Estate Appraisers Board with an independent agency to be known as the Real Property Appraisers Board; attach the Real Property Appraisers Board to the Department of Professional Licensing for administrative purposes; change the number of board members from 5 to 7; require 2 board members to be certified residential real property appraisers; require those employed by the board to investigate grievances to have 10 years of experience, hold a credential equal to the credential held by the appraiser under investigation, and have experience in appraising the type of property relevant to the investigation; allow the board to employ persons it deems necessary; allow the board to use hearing officers of the Attorney General's Office; allow the board or its authorized agents to give advice on best practices management; prohibit legal action arising from any advice given by the board or its agents relating to best practices management; prohibit any person not licensed or certified as a real property appraiser from providing any type of appraisal performed by a licensed or certified real property appraiser unless they are exempt; allow a licensed or certified real property appraiser to provide an evaluation; require a certificate or license holder to complete 28 hours of continuing education hours; allow hours completed for 1 USPAP update course to apply toward the continuing education requirement; require complaints to be filed with the board within 1 year after the date of transmittal of the appraisal report; establish a biennial license renewal period; increase initial application and renewal fees from $200 to $400; amend KRS 324B.045 to remove the Real Estate Appraisers Board from the Division of Real Property Boards; amend KRS 133.120 to allow a tax consultant and licensed real estate sales associate to receive compensation to represent a property owner at a conference with the property valuation administrator or in an appeal before the board; amend KRS 154.60-040, 198B.702, 324.085, 324A.035, 324A.050, 324A.088, 324A.100, 324A.150, 324A.152, 324A.158, 324A.162, 324A.164, 324B.030, 350.280, 413.140, 56.806, 56.8175, 56.823, 99.830, and 99.835 to conform.

• S. McPherson Republican · primary
• G. Brown Jr. Democratic · primary
• M. Pollock Republican · primary

1. Jan 13, 2026 introduced in House · lower
2. Jan 13, 2026 to Committee on Committees (H) · lower
3. Jan 21, 2026 to Licensing, Occupations, & Administrative Regulations (H) · lower
4. Jan 22, 2026 reassigned to Banking & Insurance (H) · lower
5. Feb 18, 2026 reported favorably, 1st reading, to Calendar with Committee Substitute (1) · lower
6. Feb 19, 2026 2nd reading, to Rules · lower
7. Feb 23, 2026 posted for passage in the Regular Orders of the Day for Tuesday, February 24 2026 · lower
8. Feb 25, 2026 3rd reading, passed 96-0 with Committee Substitute (1) · lower
9. Feb 26, 2026 received in Senate · upper
10. Feb 26, 2026 to Committee on Committees (S) · upper
11. Mar 6, 2026 to Banking & Insurance (S) · upper
12. Mar 10, 2026 reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1) · lower
13. Mar 11, 2026 2nd reading, to Rules as a consent bill · lower
14. Mar 18, 2026 posted for passage in the Consent Orders of the Day for Thursday, March 19 2026 · lower
15. Mar 19, 2026 passed over and retained in the Consent Orders of the Day · lower
16. Mar 20, 2026 3rd reading, passed 37-0 with Committee Substitute (1) · lower
17. Mar 20, 2026 received in House · lower
18. Mar 20, 2026 to Rules (H) · lower
19. Mar 27, 2026 posted for passage for concurrence in Senate Committee Substitute (1) · lower
20. Mar 31, 2026 House concurred in Committee Substitute (1) · lower
21. Mar 31, 2026 passed 96-0 · lower
22. Mar 31, 2026 enrolled, signed by Speaker of the House · lower
23. Mar 31, 2026 enrolled, signed by President of the Senate · upper
24. Mar 31, 2026 delivered to Governor · lower
25. Apr 10, 2026 Vetoed · lower
26. Apr 14, 2026 received in House · lower
27. Apr 14, 2026 to Rules (H) · lower
28. Apr 14, 2026 taken from Rules · lower
29. Apr 14, 2026 posted for consideration of Governor's veto · lower
30. Apr 14, 2026 veto overridden · lower
31. Apr 14, 2026 passed 79-15 · lower
32. Apr 14, 2026 received in Senate · upper
33. Apr 14, 2026 to Rules (S) · upper
34. Apr 14, 2026 posted for passage for consideration of Governor's veto · lower
35. Apr 14, 2026 veto overridden · lower
36. Apr 14, 2026 passed 30-6 · lower
37. Apr 14, 2026 received in House · lower
38. Apr 14, 2026 enrolled, signed by Speaker of the House · lower
39. Apr 14, 2026 enrolled, signed by President of the Senate · upper
40. Apr 14, 2026 delivered to Secretary of State (Acts Ch. 172) · lower