18VAC130-20-200: Requirement for the approval of appraisal educational offerings

Pursuant to the mandate of Title 11 of the Federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989, § 54.1-2013 of the Code of Virginia, and the qualifications criteria set forth by the Appraisal Qualifications Board of the Appraisal Foundation, all educational offerings submitted for prelicensure and continuing education credit must be approved by the board. Educational offerings that have been approved by the Appraiser Qualifications Board are considered to have met the standards for approval set forth in this chapter. Prelicense course applications received by the department or the department's agent must be complete within 12 months of the date of the receipt of the application and fee by the department or the department's agent.