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Louisiana Is Getting Ready To Settle With The Ftc Whether The La. Board Likes It Or Not

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Joan Trice said:
I would read the transcript of the hearing with iMortgage. Painful reading. Poor lawyering on both sides.

A stay has been filed.

LA is playing chess. FTC checkers. Pay attention to next steps.
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Idk there. My grandaddy before he passed was awesome. Like championship level. He could see the moves before they happened. I saw people tie him but I never saw people beat him. He knew where the opponent was going before they went there.

He played all his life and had a mind like a computer. Checkers to me and checkers to him were two different games and I watched plenty of good ones play him.

He took it serious. When he started saying I don't know what I'm going to do now, the opponent was just about finished.

He played tournaments.
 
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I like that they are both focused on public. I like common goals. We are three peas in a pod.
 
Like I said, the fat lady has not sung yet. Read the petition to stay, and the grant memorandum.
Ha!
 
peturner said:
Like I said, the fat lady has not sung yet. Read the petition to stay, and the grant memorandum.
Ha!
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While reading it ask yourself "When have appraisers ever won and why would they win this round?" Maybe you're right, but In the last 10 years boots on the ground appraisers have had their collective rear ends kicked every time in regards to regulations.
 
gregb said:
LA Board seeks FTC stay, so it can rewrite its AMC law relating to fees.

https://www.housingwire.com/article...le-state-repeals-controversial-appraisal-laws
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The stay (120 days) will allow LA to cancel its first order and design a process that conforms with the IFR.
That new order still has to go before the department which the Governor's executive order requires: so I don't anticipate anything "radical". Rather, My bet is that the new rule will simply be a restatement of what the IFR currently allows (the two presumptions).

As I posted earlier, LA was successful in enforcing the IFR (re: Coestar). Its enforcement had some teeth when it followed the existing regulations.

My prediction: the IFR will be adopted and the LA board will continue to use it as the compliance-benchmark for enforcing C&R. What it will not do is mandate a fee schedule that is contrary to or is a substitute for compliance with the existing IFR.
 
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Denis DeSaix said:
The stay (120 days) will allow LA to cancel its first order and design a process that conforms with the IFR.
That new order still has to go before the department which the Governor's executive order requires: so I don't anticipate anything "radical". Rather, My bet is that the new rule will simply be a restatement of what the IFR currently allows (the two presumptions).

As I posted earlier, LA was successful in enforcing the IFR (re: Coestar). Its enforcement had some teeth when it followed the existing regulations.

My prediction: the IFR will be adopted and the LA board will continue to use it as the compliance-benchmark for enforcing C&R. What it will not do is mandate a fee schedule that is contrary to or is a substitute for compliance with the existing IFR.
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The funny thing about the two presumptions that everyone skims over, is,

they both have qualifiers.

We can presume one thing so long as you haven't engaged in these other things.

It would seem to me, that any board so dedicated in preserving Appraiser Independence, would really harp on that "proving" you did not do any of those other things, before we decide if you qualify for a "presumption". After all, a presumption only holds until proved differently.

And proving you did not do any of the things you are not allowed to do to qualify for a "presumption" for EVERY appraiser fee paid, has got to be much more expensive than just paying the fee the board initally wanted as a minimum.

So much fun,
so little time.


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