Practice of property inspecting means performing or offering to perform for the public for a fee or other compensation - The Vermont Office of Professional Regulation
(PRWEB) March 17, 2015
On July 1, 2014, the state of Vermont passed a law requiring individuals who offer property inspection services to obtain a license to practice in the state. Vermont Title 26: Professions and Occupations; Chapter 19: Property Inspectors states that property inspectors are required to be licensed after attaining 80 hours of required training.
NAMFS' Government Relations Committee requested information from the Office of Professional Regulation to ascertain how this law impacts default mortgage property inspectors in the state of Vermont. Per the letter, “The Office of Professional Regulation will not use its scarce enforcement resources to pursue unlicensed practice cases against bank or credit union employees or contractors when they were never the intended target of this legislation.”
For more information and to review the letter, please visit NAMFS.org.
The National Association of Mortgage Field Services, Inc. (NAMFS) is the premier trade association for the mortgage field service industry. We are dedicated to working with all entities of the industry from the Government Agencies and investors that set policy to the contractors and inspectors that perform the work.
DISCLAIMER: NAMFS is presenting this material for informational purposes only and not as legal advice. NAMFS expressly disclaims all liability in respect to actions taken or not taken based on this information. Please consult your legal representative to obtain advice on the information presented.