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Acronym: 
TALCB

22 TAC §535.62, Approval of Qualifying Courses

The changes to §535.62 are made as a result of the agency’s license management system project.  First, because of this project, users will be able to provide information to the agency through an online process, rather than by submitting a paper form.  As a result, rule language is clarified to reflect this change.  Secondly, because of license management system project requirements, the changes to §535.62(g)(3) clarify that a course approved for additional delivery methods under subsection(a)(3) expires on the same date as that of the originally approved course.

New Process for Borrowers Who Want Their Appraisal Values Reconsidered

Fannie Mae, Freddie Mac, and the Department of Housing and Urban Development (HUD) have created new guidelines for Reconsideration of Value (ROV) policies with clearer expectations for lenders, appraisers, and borrowers.

ROVs are used when borrowers wish to appeal an appraisal when they believe the opinion of value is unsupported, deficient because of unacceptable appraisal practices, or reflects discriminatory practices.

R. Chance Bolton

R. Chance Bolton is the Managing Partner of Bolton Real Estate Consultants LLC, a 50 year old commercial real estate appraisal company specializing in complex appraisal assignments throughout Texas. Additionally, he is the Owner/Broker of Bolton Real Estate Services, a commercial real estate brokerage firm. Mr. Bolton is a Texas Certified General Real Estate Appraiser and a licensed Texas Real Estate Broker.