Section 505 – Penalty for violating this chapter — Automatic revocation.
61-2g-505. Penalty for violating this chapter — Automatic revocation. (1) In addition to being subject to a disciplinary action, a person required to be licensed, certified, or registered under this chapter who violates this chapter: (a) is guilty of a class A misdemeanor, upon a conviction of a first violation of this chapter; and (b) […]
Section 2 – “Control shares” defined.
61-6-2. “Control shares” defined. (1) As used in this chapter, “control shares” means shares that except for this chapter would have voting power with respect to shares of an issuing public corporation that, when added to all other shares of the issuing public corporation owned by a person or in respect to which that person […]
Section 3 – Control share acquisition” defined.
61-6-3. “Control share acquisition” defined. (1) (a) As used in this chapter, “control share acquisition” means: (i) the acquisition, directly or indirectly, by any person of ownership of issued and outstanding control shares; or (ii) the acquisition of power to direct the exercise of voting power with respect to issued and outstanding control shares, including […]
Section 406 – Contingent fees.
Effective 5/10/2016 61-2g-406. Contingent fees. (1) A person licensed or certified under this chapter who enters into an agreement to perform an appraisal may not accept a contingent fee. (2) A person may accept payment of a fixed fee or a contingent fee when the person: (a) if the person is not licensed or certified […]
Section 407 – Consultation reports — Restrictions on use of terms.
61-2g-407. Consultation reports — Restrictions on use of terms. A person who presents or provides a price estimate or property tax information in accordance with Section 59-2-1017, or prepares a written or oral consultation report, may not refer to the price estimate, property tax information, or consultation report as an appraisal, an appraisal report, or […]
Section 501 – Enforcement — Investigation — Orders — Hearings.
Effective 5/8/2018 61-2g-501. Enforcement — Investigation — Orders — Hearings. (1) (a) The division may conduct a public or private investigation of the actions of: (i) a person registered, licensed, or certified under this chapter; (ii) an applicant for registration, licensure, or certification; (iii) an applicant for renewal of registration, licensure, or certification; or (iv) […]
Section 502 – Disciplinary action — Grounds.
Effective 5/12/2020 61-2g-502. Disciplinary action — Grounds. (1) (a) The board may order disciplinary action, with the concurrence of the division, against a person: (i) registered, licensed, or certified under this chapter; or (ii) required to be registered, licensed, or certified under this chapter. (b) On the basis of a ground listed in Subsection (2) […]
Section 503 – Reinstatement of license, certification, and registration.
61-2g-503. Reinstatement of license, certification, and registration. (1) An individual whose license, certification, or registration is revoked under this chapter: (a) may not apply for renewal or reinstatement of that license, certification, or registration; and (b) may apply for licensure, certification, or registration as prescribed for an original license, certification, or registration subject to the […]
Section 401 – State-certified and state-licensed appraisers — Restrictions on use of terms — Conduct prohibited or required — Trainee.
Effective 5/12/2020 61-2g-401. State-certified and state-licensed appraisers — Restrictions on use of terms — Conduct prohibited or required — Trainee. (1) (a) The terms “state-certified general appraiser,” “state-certified residential appraiser,” and “state-licensed appraiser”: (i) may only be used to refer to an individual who is certified or licensed under this chapter; and (ii) may not […]
Section 402 – Principal place of business — Display of documents — Notify of changes — Nonresidents.
61-2g-402. Principal place of business — Display of documents — Notify of changes — Nonresidents. (1) A person licensed or certified under this chapter shall: (a) designate and maintain a principal place of business; and (b) conspicuously display the person’s license or certification. (2) Upon a change of a person’s principal business location or home […]