NE LB139

Authorizes the Real Property Appraiser Board to enter into contingent dismissal agreements with remedial measures as an alternative to formal disciplinary action against credential holders who violate the Real Property Appraiser Act

Specifies that a successfully completed contingent dismissal agreement is not considered disciplinary action and therefore does not require reporting to federal authorities under Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989

Expands ownership restrictions for appraisal management companies to apply to all registered companies, not just those applying for initial or renewal registration

Allows the board to enter into contingent dismissal agreements with appraisal management companies as an enforcement option, in addition to existing penalties of fines up to $5,000 for first offenses and $10,000 for subsequent offenses

Approved by the Governor on March 11, 2025, and amends sections 76-2239, 76-3207, and 76-3216 of the Revised Statutes Cumulative Supplement, 2024