Washington DC | Dallas TX | Irvine CA
202.628.2000

WBK Industry News - Federal Regulatory Developments

FTC Grants Temporary Stay in Louisiana Real Estate Appraisers Board Action

An administrative law judge granted a 90-day stay in the FTC’s proceedings against the Louisiana Real Estate Appraisers Board (“LREAB”) in order to determine the effects of the Louisiana governor’s executive order aimed at addressing some of the issues in the FTC’s complaint.

The FTC issued a complaint (the “Complaint”) against the LREAB on May 30, 2017.  In response to the Complaint, the governor of Louisiana issued an executive order that purported to deal with some of the issues in the Complaint, namely that there was not enough active state supervision over the LREAB rulemaking and fee requirements.  Because of the new executive action, the LREAB asked for a stay to the proceedings in order to determine the effect of the governor’s order.

The administrative law judge decided to grant a stay due to the change in the factual and legal basis of the proceeding as a result of the new executive order.  Because the FTC opposed the motion, the stay will only last for 90 days as opposed to the requested 120.

The text of the stay may be found here.