§37:3415.5. Forms
RS 37:3415.5 – Forms An applicant for a license as an appraisal management company in this state shall submit to the board an application on a form prescribed by the board. Acts 2009, No. 502, §1, eff. Jan. 1, 2010.
§37:3409. Disciplinary proceedings
RS 37:3409 – Disciplinary proceedings A. The board may censure a registered or licensed real estate appraiser, conditionally or unconditionally suspend or revoke any registration or license issued in accordance with the provisions of this Chapter, levy fines or impose civil penalties not to exceed five thousand dollars, or impose continuing education requirements on registrants […]
§37:3410. Standards for the development and communication of real estate appraisals
RS 37:3410 – Standards for the development and communication of real estate appraisals A.(1) A registered or licensed real estate appraiser shall comply with generally accepted standards of professional practice in the development and communication of appraisals of real estate located in this state and with generally accepted ethical rules of conduct as contained in […]
§37:3411. Recordkeeping requirements
RS 37:3411 – Recordkeeping requirements A registered or licensed real estate appraiser shall retain for five years originals or true copies of contracts engaging the appraiser’s services for real property appraisal work, appraisal reports, and supporting data assembled and formulated by the appraiser in preparing reports. The period for retention of the records applicable to […]
§37:3412. False information
RS 37:3412 – False information It shall be unlawful for any person or his agent to file with the board any notice, statement, or other document required under the provisions of this Chapter which is false or contains any material misstatement of fact. Acts 1987, No. 472, §1; Acts 1995, No. 690, §2.
§37:3413. Penalty
RS 37:3413 – Penalty Any person who violates any provision of this Chapter shall be fined not more than five thousand dollars, imprisoned for not more than six months, or both. Acts 1995, No. 690, §2; Acts 2003, No. 341, §1.
§37:3415.1. Short title
RS 37:3415.1 – Short title This Chapter shall be known and may be cited as the "Louisiana Appraisal Management Company Licensing and Regulation Act". Acts 2009, No. 502, §1, eff. Jan. 1, 2010.
§37:3415.2. Definitions
RS 37:3415.2 – Definitions As used in this Chapter, the following words have the meanings ascribed to them in this Section unless the context clearly indicates otherwise: (1) “Administrative review”, “compliance review”, “quality check”, or “QC” means a process that checks an appraisal report for compliance with the Uniform Standards of Professional Appraisal Practice or […]
§37:3415.3. License required
RS 37:3415.3 – License required A. It shall be unlawful for a person, corporation, partnership, sole proprietorship, subsidiary, unit, or any other business entity to directly or indirectly engage or attempt to engage in business as an appraisal management company, to directly or indirectly engage or attempt to perform appraisal management services, or to advertise […]
§37:3415.4. Exemptions
RS 37:3415.4 – Exemptions A. This Chapter shall not be applicable to any of the following: (1) Any corporation, partnership, sole proprietorship, subsidiary, unit, or other business entity that exclusively employs persons on an employer/employee basis for the performance of real estate appraisal services in the normal course of its business and such entity is […]