Occupational Board Reform Act

General Information

Committee of Jurisdiction:Banking, Commerce and Insurance
Occupation Regulated:Abstracting
Occupational Board:Abstracters Board of Examiners
Contact:Julie Hoppe
Purpose:The Abstracters Board of Examiners regulates the activities of abstracters and abstracting companies by enforcing and administering the laws and requirements of the Abstracters Act through supervision, examination and education of individual abstracters and abstracting companies.
Regulated Professionals:174 Certificates of Registration, 60 duplicate certificates and 131 Certificates of Registration.
Year Created:1965
Year Active:1965
Sunset Date:None

Authorization

Statutory Authorization:76-502-76-558
Parent Agency:

Membership

Number of Members:5
Who Appoints:The Governor
Legislative Approval:No
Qualifications of Members:3 members must be abstracters with at least 5 years of experience, one must be an attorney practicing in real estate and the other is a member of the public.
Per Diem:Yes
Expense Reimbursement:Yes
Term Length:5 years
Terms Rotate or Expire at Once:Terms Rotate

Meetings

Required FY 2023-2022:2
Held FY 2023-2022:3
Required FY 2022-2021:2
Held FY 2022-2021:3
Required FY 2021-2020:2
Held FY 2021-2020:2
Required FY 2020-2019:2
Held FY 2020-2019:3
Required FY 2019-2018:2
Held FY 2019-2018:3

Operations

Support Staff:.25
Shared or Separate:separate
FY 2023-2022 Budget:27729
FY 2022-2021 Budget:27447
FY 2021-2020 Budget:25169
FY 2020-2019 Budget:25468
FY 2019-2018 Budget:24256
Other Funding Sources:Fund 26610 program 058 includes application fees, exam fees and registration/relicensing fees.
Spending Authority:76-549

Other

Government Certificates Issued:710
Issued Certificate Descriptions:Includes both new licenses and licenses renewed in 2020 and in 2022.
Government Certificates Revoked:0
Revoked Certificate Descriptions:Removal or suspension of a license.
Government Certificates Denied:0
Denied Certificate Descriptions:Refusal to issue a license to an applicant due to an unacceptable application (i.e.. felony)
Government Certificates Penalties Against:0
Penalty Certificate Descriptions:The Board does not have authority to penalize.
Explanation of Effectiveness:https://nebraskalegislature.gov/pdf/SurveyDocs/explanation1698952256.pdf
Potential HarmAs explained in the above document, the knowledge needed by an abstracter is very vast. The general public relies on that knowledge in their real estate transactions. The report of title compiled by the abstracter determines ownership, as well as whether the property has a complete and functional legal description, whether subdivisions have been plotted correctly and properly recorded, whether there are liens affecting the property, and many other things. If the occupation were no longer regulated, this information would cease to be of the quality necessary to make good decisions regarding real property.
Regulation Comparison:https://nebraskalegislature.gov/pdf/SurveyDocs/comparison1698952256.pdf
Subject to Regulations of Act(LB407):No
Survey Submitted: November 2, 2023 02:10 PM