Kentucky Statutes 324A.047 – Inactive status for certificate or license — Effect — Reactivation
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(1) (a) Upon written request, any certificate holder or licensee may request to place his or her certificate or license in inactive status for a period not to exceed three (3) years.
(b) The written request shall be made by completing a signed and sworn affidavit on a form approved by the board.
(c) The board may require a fee of fifty dollars ($50) for each change in status of the certificate holder or licensee.
(d) A license issued to an individual as an associate real property appraiser shall not be eligible for inactive status.
(2) No inactive status certificate holder or licensee shall:
(a) Assume or use any title, designation, or abbreviation likely to create the impression that he or she holds a certificate or license issued by the board;
(b) Describe or refer to any appraisal or evaluation of real estate by the term, “state certified,” “state licensed,” or words of substantially similar meaning; or
(c) Prepare real estate appraisals for federally related transactions which, under Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, require the services of a state-certified or state-licensed appraiser.
(3) To return to active status, a certificate holder or licensee shall:
(a) Petition the board for reactivation of the certificate or license;
(b) Pay the applicable renewal fee and roster fee required by this chapter; and
(c) Provide evidence of completion of the annually required continuing education hours, as established by the board and promulgated in administrative regulations, for each year of inactive status.
(4) A certificate holder or licensee who petitions to return to active status after an inactive period exceeding three (3) years shall be required to meet all the requirements for original issuance of a license or certificate under this chapter.
(5) Violation of subsection (2) of this section shall be grounds for disciplinary action under this chapter.
Effective: June 29, 2021
History: Amended 2021 Ky. Acts ch. 21, sec. 3, effective June 29, 2021. — Created
1998 Ky. Acts ch. 377, sec. 3, effective July 15, 1998.
(b) The written request shall be made by completing a signed and sworn affidavit on a form approved by the board.
Terms Used In Kentucky Statutes 324A.047
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Appraisal: A determination of property value.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- real estate: includes lands, tenements, and hereditaments and all rights thereto and interest therein, other than a chattel interest. See Kentucky Statutes 446.010
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Sworn: includes "affirmed" in all cases in which an affirmation may be substituted for an oath. See Kentucky Statutes 446.010
- Year: means calendar year. See Kentucky Statutes 446.010
(c) The board may require a fee of fifty dollars ($50) for each change in status of the certificate holder or licensee.
(d) A license issued to an individual as an associate real property appraiser shall not be eligible for inactive status.
(2) No inactive status certificate holder or licensee shall:
(a) Assume or use any title, designation, or abbreviation likely to create the impression that he or she holds a certificate or license issued by the board;
(b) Describe or refer to any appraisal or evaluation of real estate by the term, “state certified,” “state licensed,” or words of substantially similar meaning; or
(c) Prepare real estate appraisals for federally related transactions which, under Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, require the services of a state-certified or state-licensed appraiser.
(3) To return to active status, a certificate holder or licensee shall:
(a) Petition the board for reactivation of the certificate or license;
(b) Pay the applicable renewal fee and roster fee required by this chapter; and
(c) Provide evidence of completion of the annually required continuing education hours, as established by the board and promulgated in administrative regulations, for each year of inactive status.
(4) A certificate holder or licensee who petitions to return to active status after an inactive period exceeding three (3) years shall be required to meet all the requirements for original issuance of a license or certificate under this chapter.
(5) Violation of subsection (2) of this section shall be grounds for disciplinary action under this chapter.
Effective: June 29, 2021
History: Amended 2021 Ky. Acts ch. 21, sec. 3, effective June 29, 2021. — Created
1998 Ky. Acts ch. 377, sec. 3, effective July 15, 1998.