On April 11, 2023, Governor Sanders signed Senate Bill 354 into law, which is now Act 628. The new law creates the State Board of Appraisers, Abstracters, and Home Inspectors.
The new board will be composed of eleven members, appointed by the Governor, and subject to confirmation by the Arkansas Senate. Members will be chosen based on their expertise and experience in the fields of appraisers, abstracters, and home inspectors. Also, the board will include a financial member and senior/consumer member.
The merger of these boards will streamline the regulatory process and create a more efficient and effective system for overseeing these important careers. The new board, which begins its work on July 1, 2023, will be able to provide a more comprehensive and coordinated approach to regulating the professions of appraisers, abstracters, and home inspectors.
Staff will continue processing the daily responsibilities of all of the new divisions. If you have any questions or concerns, please contact our office at 501-296-1843.
Abstracter: One who compiles an abstract of title that provides a summary giving details of the title deeds and documents that prove an owner’s right to dispose of land, together with any encumbrances that relate to the property.
Abstract: The condensed history of the title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurate.