Businesses and Professions

CHAPTER 5-20.9
Real Estate Appraisal Management Company Registration Act [Effective July 1, 2018]

SECTION 5-20.9-10

§ 5-20.9-10. Owner requirements. [Effective July 1, 2018.].

(a) An appraisal management company applying for a registration in this state may not be owned or controlled by a person if such person has had a license or certification to act as an appraiser denied or revoked in this state or in any other state, or who is not of good moral character as determined by the director.

(b) Each owner or controlling person of an appraisal management company in this state shall certify to the department that such person has never had a license to act as an appraiser denied, suspended, or revoked in this state or in any other state.

History of Section.
(P.L. 2017, ch. 14, § 1; P.L. 2017, ch. 26, § 1.)