Section 47-14-5 – Forms.
An applicant for registration as an appraisal management company shall submit to the board an application on a form prescribed by the board. History: Laws 2009, ch. 214, § 5. ANNOTATIONS Effective dates. — Laws 2009, ch. 214 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June […]
Section 47-14-6 – Expiration of license.
A registration granted by the board pursuant to the Appraisal Management Company Registration Act shall expire on September 30 of each year. History: Laws 2009, ch. 214, § 6; 2013, ch. 143, § 3. ANNOTATIONS The 2013 amendment, effective June 14, 2013, provided for the expiration of licenses; and after “Registration Act shall”, deleted “be […]
Section 47-14-7 – Consent to service of process.
Each entity applying for registration as an appraisal management company shall complete and execute an irrevocable consent to service of process form as prescribed by the board. History: Laws 2009, ch. 214, § 7. ANNOTATIONS Effective dates. — Laws 2009, ch. 214 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § […]
Section 47-14-8 – Fee.
A. The board shall establish the fee for appraisal management company registration by rule to cover the cost of the administration of the Appraisal Management Company Registration Act, but in no case shall the fee be more than two thousand dollars ($2,000). B. Registration fees shall be credited to the appraiser fund pursuant to Section […]
Section 47-14-9 – Owner requirements.
A. An appraisal management company applying for registration may not be owned by a person or have any principal of the company who has had a license or certificate to act as an appraiser refused, denied, canceled or revoked in this state or in any other state. B. Each person that owns, is an officer […]
Section 47-14-1 – Short title.
Chapter 47, Article 14 NMSA 1978 may be cited as the “Appraisal Management Company Registration Act”. History: Laws 2009, ch. 214, § 1; 2010, ch. 13, § 1. ANNOTATIONS The 2010 amendment, effective July 1, 2010, at the beginning of the sentence, changed “Sections 1 through 23 of this act” to “Chapter 47, Article 14 […]