Senate Bill No. 307–Senator Schneider
CHAPTER..........
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1. NRS 645C.170 is hereby amended to read as follows:
645C.170 1. The division shall [administer] :
(a) Administer this chapter and may employ legal counsel, investigators
and other professional consultants necessary to the discharge of its duties
pursuant to this chapter[.] ; and
(b) Within the limits of available money, employ or contract for the
services of professional consultants to investigate complaints, conduct
audits and perform any other activities necessary to ensure compliance
with Title XI of the Financial Institutions Reform, Recovery and
Enforcement Act of 1989, as amended.
2. No employee of the division may:
(a) Be employed by or have an interest in any business that prepares
appraisals; or
(b) Act as an appraiser, as an agent for an appraiser or as an intern.
Sec. 2. NRS 645C.450 is hereby amended to read as follows:
645C.450 1. The following fees may be charged and collected by the
division:
Application for a certificate, license or registration card..... $100
Issuance or renewal of a certificate or license as a
residential appraiser... [250] 290
Issuance or renewal of a certificate as a general appraiser... [350] 390
Issuance of a permit[75] 115
Issuance or renewal of a registration card.... [150] 190
Issuance of a duplicate certificate or license for an
additional office50
Change in the name or location of a business........ 10
Reinstatement of an inactive certificate or license........ 10
Annual approval of a course of instruction offered in
preparation for an initial certificate or license....... 100
Annual approval of a course of instruction offered for
continuing education....... 50
2. The division shall adopt regulations which establish the fees to be
charged and collected by the division for:
(a) The examination for a certificate or license; and
(b) Any additional expenses which are necessary for the administration
of the examination.
Sec. 3. 1. There is hereby appropriated from the state general fund
to the real estate division of the department of business and industry to
investigate complaints, conduct audits and perform any other activities
necessary to ensure compliance with Title XI of the Financial Institutions
Reform, Recovery and Enforcement Act of 1989, as amended:
For the fiscal year 2001-2002. $22,000
For the fiscal year 2002-2003. $22,000
2. Any balance of the sums appropriated by subsection 1 remaining at
the end of the respective fiscal years must not be committed for
expenditure after June 30 of the respective fiscal years and reverts to the
state general fund as soon as all payments of money committed have been
made.
Sec. 4. This act becomes effective on July 1, 2001.
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