§30-38A-11. Controlling Person Requirements
(a) An appraisal management company shall have a designated controlling person who will ensure compliance with this article and will be the main contact for all communication between the board and the appraisal management company. (b) The controlling person shall: (1) Be of good character and reputation;
§30-38A-12. Requirements for Removal From an Appraiser Panel
(a) An appraisal management company may only remove an appraiser from an appraiser panel or refuse to assign appraisals to an appraiser after providing the appraiser 20 days” prior written notice stating the reasons for the removal or refusal and providing an opportunity for the appraiser to be heard. (b) An appraiser who is removed […]
§30-38A-13. Duties of Appraisal Management Companies
(a) Each appraisal management company shall: (1) Verify that an appraiser receiving work or being placed on an appraiser panel is:
§30-38A-14. Unprofessional Conduct
An appraisal management company commits unprofessional conduct if it: (1) Requires an appraiser to modify an aspect of an appraisal which modification is not related to substandard performance or noncompliance with the terms of a contract or agreement;
§30-38A-15. Prohibited Acts
(a) An appraisal management company or any person acting for an appraisal management company as a controlling person, owner, director, officer, agent, employee or independent contractor may not: (1) Improperly influence or attempt to improperly influence the development, reporting, result or review of an appraisal through:
§30-38A-16. Disciplinary Action
The board may deny, revoke or refuse to issue or renew the registration of an appraisal management company or may restrict or limit the activities of an appraisal management company or of a person or firm that owns an interest in or participates in the business of an appraisal management company for the following reasons: […]
§30-38A-17. Notice and Hearing Procedures
(a) The board, on its own motion or upon receipt of a written complaint, may investigate an appraisal management company, a person or firm associated with an appraisal management company, or a person or firm performing appraisal management services. (b) If the board determines after the investigation there are grounds for disciplinary action, the board […]
§30-38A-10. Fee Requirements
The fees assessed by the board, as established by legislative rule, shall include the annual fee for appraisal management companies and appraisal management companies that are subsidiaries of federally regulated financial institutions to be included in the national registry maintained by the Appraisal Subcommittee of the Federal Financial Institutions Examination Council.
§30-38A-5. Exemptions
This article does not apply to: (a) A financial institution, including a department or unit within an institution that is regulated by an agency of this state or the United States government; or (b) An appraisal management company that is a subsidiary wholly owned and controlled by a financial institution regulated by a federal financial […]
§30-38A-6. Written Application Requirements
(a) The written application shall be submitted on a form prescribed by the board and shall include: (1) The name, the street and mailing address and the contact information, including telephone number and e-mail address, of the person or firm seeking registration;