§ 4034. Removal of appraisers from appraiser panels.
§ 4034. Removal of appraisers from appraiser panels. (a) An appraisal management company shall not remove an appraiser from its appraiser panel, or otherwise refuse to assign requests for real property appraisal services to an independent appraiser, without notifying the appraiser in writing of the reasons for the appraiser being removed from the appraiser panel […]
§ 4035. Enforcement.
§ 4035. Enforcement. The Council may censure an appraisal management company, conditionally or unconditionally suspend or revoke any registration issued under this chapter or impose civil penalties not to exceed $15,000 per violation if, after a hearing, the Council finds that an appraisal management company is attempting to perform, has performed or has attempted to […]
§ 4036. Disciplinary hearing.
§ 4036. Disciplinary hearing. (a) The Council may conduct disciplinary proceedings in accordance with subchapter III of Chapter 101 of Title 29. (b) The written notice required by subchapter III of Chapter 101 of Title 29 shall be satisfied by personal service on the controlling person of the registrant or the registrant’s agent for service […]
§ 4037. Rule-making authority.
§ 4037. Rule-making authority. The Council shall adopt rules that are reasonably necessary to implement, administer and enforce this subchapter. 79 Del. Laws, c. 163, § 2;
§ 4038. Effective date.
§ 4038. Effective date. All appraisal management companies operating in this State as of July 1, 2013, must become registered on or before July 1, 2014. 79 Del. Laws, c. 163, § 2;
§ 4025. Owner requirements for appraisal management companies [Effective until Jan. 1, 2023].
§ 4025. Owner requirements for appraisal management companies [Effective until Jan. 1, 2023]. (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 any financial, real estate or mortgage lending industry license or certificate refused, denied, canceled, revoked or voluntarily […]
§ 4022. Registration of appraisal management companies.
§ 4022. Registration of appraisal management companies. (a) A person shall not directly or indirectly engage or attempt to engage in business as an appraisal management company, directly or indirectly perform or attempt to perform appraisal management services or advertise or hold itself out as engaging in or conducting business as an appraisal management company […]
§ 4023. Exemptions from registration.
§ 4023. Exemptions from registration. Nothing in this chapter shall apply to: (1) An appraisal management company that is a subsidiary owned and controlled by a financial institution that is subject to direct regulation by an agency of the United States government or of this State. (2) A corporation, partnership, sole proprietorship, subsidiary or other […]
§ 4024. Registration form for appraisal management companies.
§ 4024. Registration form for appraisal management companies. (a) An applicant for initial and renewal registration as an appraisal management company shall submit to the Council an application on a form prescribed by the Council. (b) An initial registration granted by the Council pursuant to this chapter is valid for 2 years. Registration renewals are […]