The following subjects and number of hours are required under this new regulation:
(A) 7 Hour Introduction to Fair Housing and Fair Lending Instruction
(1) Fair housing, fair lending requirements, and the history of lending, 2 hours
(2) Development of appraisal (standard 1 USPAP), 1.5 hours
(3) Reporting of appraisal reports (standard 2 USPAP), 1.5 hours
(4) Case Studies, 2 hours
(B) 4 Hour Update to Fair Housing and Fair Lending Instruction
(1) Fair housing, fair lending requirements, and the history of lending, 1 hour
(2) Development of appraisal (standard 1 USPAP), 1 hour
(3) Reporting of appraisal reports (standard 2 USPAP), 1hour
(4) Case Studies, 1 hour
While it may be important to have additional fair housing education, how much education on fair housing is considered enough?
Should a 7-hour course on the introduction and a 4-hour update necessary to renew a license or certification, or should it be more or less?
Do you agree with NYS or how would you do it differently if you were in charge?
