| 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 |
| Statutory Authorization: | 76-502-76-558 |
| Parent Agency: |
| 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 |
| 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 |
| 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 |
| 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/explanation1698952343.pdf |
| Potential Harm | As 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/comparison1698952343.pdf |
| Subject to Regulations of Act(LB407): | No |
| Survey Submitted: | November 2, 2023 02:12 PM |