Section 339.2669 – Licensure; Issuance; Prohibitions; Certificate; Term; Expiration.
339.2669 Licensure; issuance; prohibitions; certificate; term; expiration. Sec. 2669. (1) The department shall not issue a license under this article to a person applying for licensure as an appraisal management company if the person does not meet the requirements of sections 2665 and 2667. (2) If the department issues a license as an appraisal management […]
Section 339.2670 – List of Licensees and Federally Regulated Appraisal Management Companies; Remittance of Fees.
339.2670 List of licensees and federally regulated appraisal management companies; remittance of fees. Sec. 2670. Not less than monthly, the department shall compile a list of appraisal management company licensees and federally regulated appraisal management companies under this article, provide it to the appraisal subcommittee of the Federal Financial Institutions Examination Council as required by […]
Section 339.2671 – Ensuring Employees Trained or Holding License as Certified Appraiser; Definitions; Conduct Subject to Penalties.
339.2671 Ensuring employees trained or holding license as certified appraiser; definitions; conduct subject to penalties. Sec. 2671. (1) An appraisal management company shall ensure that any employee of the appraisal management company, or any other individual working on behalf of the appraisal management company, who is responsible for selecting independent appraisers for the performance of […]
Section 339.2673 – Ensuring Certain System and Process in Place; Annual Certification by Appraisal Management Company.
339.2673 Ensuring certain system and process in place; annual certification by appraisal management company. Sec. 2673. (1) An appraisal management company licensed under this article shall certify to the department on an annual basis, on a form prescribed by the department, that it has a system and process in place to do both of the […]
Section 339.2675 – Conduct Subject to Penalties; Exceptions.
339.2675 Conduct subject to penalties; exceptions. Sec. 2675. (1) Except as provided in subsection (2), an employee, director, officer, or agent of an appraisal management company licensed under this article that influences or attempts to influence the development, reporting, or review of an appraisal through coercion, extortion, collusion, compensation, instruction, inducement, intimidation, or bribery or […]
Section 339.2677 – Removal of Independent Appraiser From Appraiser Panel; Requirements; Complaint; Determination by Department.
339.2677 Removal of independent appraiser from appraiser panel; requirements; complaint; determination by department. Sec. 2677. (1) An appraisal management company shall not remove an appraiser from its appraiser panel, or otherwise refuse to assign requests for real estate appraisal services to an independent appraiser, without doing all of the following: (a) Not less than 10 […]
Section 339.2701-339.2721 – Repealed. 1988, Act 463, Eff. Sept. 1, 1989;—repealed. 2014, Act 156, Imd. Eff. June 11, 2014.
339.2701-339.2721 Repealed. 1988, Act 463, Eff. Sept. 1, 1989;—Repealed. 2014, Act 156, Imd. Eff. June 11, 2014. Compiler’s Notes: The repealed sections pertained to registration requirements for ocularists.Popular Name: Act 299
Section 339.2901-339.2919 – Repealed. 2014, Act 151, Eff. June 24, 2014.
339.2901-339.2919 Repealed. 2014, Act 151, Eff. June 24, 2014. Compiler’s Notes: The repealed sections pertained to creation of board of auctioneers and registration requirements for auctioneers.Popular Name: Act 299
Section 339.2637 – List of Licensees; Remittance of Fee.
339.2637 List of licensees; remittance of fee. Sec. 2637. Not less than monthly, the department shall compile a list of certified general real estate appraiser, certified residential real estate appraiser, and state licensed real estate appraiser licensees under this article, provide it to the appraisal subcommittee of the federal financial institutions examination council as required […]
Section 339.2661 – Definitions.
339.2661 Definitions. Sec. 2661. As used in this act: (a) “Appraisal” means that term as defined in section 2601. (b) “Appraisal management company” means a person that provides appraisal management services. (c) “Appraisal management services” means to perform any of the following functions for a client or clients: (i) Recruiting, selecting, and retaining appraisers. (ii) […]