(a) For State license and certification periods that commence on or after January 1, 2022, real estate appraisers and real estate appraiser assistants who hold State licenses or certifications must successfully complete an approved course of study in fair housing and fair lending, every two years, or its equivalent, as required in subdivision (b) or (c) of this section, in order to renew their licenses or certifications.

(b) Any person holding a real estate appraisal license or certification that prior to January 1, 2022 completed an approved course of study in fair housing, fair lending and environmental issues (RE-2) or (GE-1), pursuant to section 1103.9(b) or 1103.11(a) of this Title, or its equivalent, may renew a license or registration by completing a course of study in fair housing and fair lending pursuant to section 1107.34(a) or (b) of this Part.

(c) Any person holding a real estate appraisal license or certification that prior to January 1, 2022 has not completed an approved course of study in fair housing, fair lending and environmental issues (RE-2) or (GE-1), pursuant to section 1103.9(b) or 1103.11(a) of this Title, or its equivalent, may renew a license or registration by completing a course of study in fair housing and fair lending pursuant to section 1107.34(a) of this Part. Any real estate appraiser or real estate appraiser assistant seeking to renew a subsequent renewal, after satisfying the requirements of this subdivision, may thereafter renew such license or certification by completing a course of study in fair housing and fair lending pursuant to section 1107.34(a) or (b) of this Part.