Ftc Vs The State Of Louisiana

[glenn walker]

Marion I understand but they way they got it started was about C & R or some other term their back-water attorney came up with because appraisers had not been paid by some AMC's and I tend to believe many appraisers in that State thought the fight was about fee's and protecting them and now the State is back -tracking because they have no case and it was never about appraisers C & R .

 

[djd09]

 

[glenn walker]

Marion I understand but they way they got it started was about C & R or some other term their back-water attorney came up with because appraisers had not been paid by some AMC's !! and now they are back -tracking because they have no case

 

[Meandering]

So that is 3 times you copied my post, but with only one response.

So am I too assume, you are finally reading the 5th circuit complaint?

And see, what was in the 5th circuit was between the FTC and Louisiana, over whether or not, the FTC can move forward with a prosecution of writing a law without state oversight of the appraisal board, or if, the fix of adding state oversight makes the point moot, and can't be back prosecuted, which still, has nothing really to do with C&R or AMC regulation, but rather has everything to do with the independence of the state board, from the state legal department.

Reading,
it's a more wonderful thing
than apparently many will ever know.

.

 

[glenn walker]

So that is 3 times you copied my post, but with only one response.

So am I too assume, you are finally reading the 5th circuit complaint?

And see, what was in the 5th circuit was between the FTC and Louisiana, over whether or not, the FTC can move forward with a prosecution of writing a law without state oversight of the appraisal board, or if, the fix of adding state oversight makes the point moot, and can't be back prosecuted, which still, has nothing really to do with C&R or AMC regulation, but rather has everything to do with the independence of the state board, from the state legal department.

Reading,
it's a more wonderful thing
than apparently many will ever know.

.

 

[glenn walker]

Marion- Yes I read the 5th Circuit but I have also read the original filings in this case and initially it was about the State Boards attempt to price fix -determine what C & R should be and eliminate competition. As it stands now the boys simply shifted gears and the case appears to have gone of course. My guess is most of the States appraisers really believe the case is about fee's.

ORIGINAL- Case : The Federal Trade Commission filed an administrative complaint against the Louisiana Real Estate Appraisers Board, alleging that the group is unreasonably restraining price competition for appraisal services in Louisiana, contrary to federal antitrust law. The complaint alleges that the appraisal board’s regulations exceeded the scope of the mandate outlined in the Dodd-Frank Act that required appraisal management companies to pay “a rate that is customary and reasonable for appraisal services performed in the market area of the property being appraised.” Specifically, the board required appraisal fees to equal or exceed the median fees identified in survey reports commissioned and published by the board. The board then investigated and sanctioned companies that paid fees below the specified levels.

My Comment : So there we go it was originally about C & R and the State just got caught trying to enforce fee's and price fix when they had no authority. Sad part is in reality the State already lost anything that might of been beneficial to the boots on the ground appraisers but the Governor-State Board and attorney General can all make there constituents believe it was money well spent.