Businesses and Professions

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

SECTION 5-20.9-11

§ 5-20.9-11. Controlling person and review appraiser employees. [Effective July 1, 2018.].

(a) Each appraisal management company applying to the department for a registration in this state shall designate one controlling person who will be the principal contact for all communication between the department and the appraisal management company.

(b) Any employee of the appraisal management company who has the responsibility to review the work of independent fee appraisers must have a current USPAP certification.

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