310-B:1 Purpose. – The purpose of this chapter is to bring New Hampshire into compliance with Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. However, any real estate appraisal service performed by an individual licensed or certified under this chapter shall be subject to the supervision of the board. […]
310-B:10 Term of Licensure or Certification. – All initial licenses or certificates issued by the board shall expire on the last day of the month of the holder’s birth in the year 2 years following the year of issuance. The renewal term of a license or certificate issued under the authority of this chapter […]
310-B:11 Nonresident Licensure or Certification. – I. Every nonresident applicant for licensure or certification under this chapter shall submit, with the application for licensure or certification, an irrevocable consent that service of process upon him may be made by delivery of the process to the secretary of state if, in an action against the […]
310-B:12 Nonresident Licensure or Certification by Reciprocity. – An applicant who is licensed or certified under the laws of another state and whose license or certificate is in good standing may obtain a license or certificate as a licensed or certified real estate appraiser in this state. Source. 1990, 167:3. 1991, 308:15. 2013, 98:2, […]
310-B:12-a Temporary Practice. – After application and payment of fee, the board shall issue a temporary license or certificate to an individual who is either licensed or certified in another jurisdiction if the application complies with rules adopted by the board pursuant to RSA 541-A. Source. 1994, 215:3, eff. Jan. 1, 1995.
310-B:12-b Registration of Appraisal Management Companies. – I. It is unlawful for a person to directly or indirectly engage in or attempt to engage in business as an appraisal management company or to advertise or hold itself out as engaging in or conducting business as an appraisal management company in this state without first […]
310-B:12-c Appraisal Management Company Exemptions. – I. The provisions of this chapter shall not apply to an appraisal management company that is a subsidiary owned and controlled by a financial institution regulated by a federal financial institutions regulatory agency. II. The provisions of this chapter shall not apply to a business entity that exclusively […]
310-B:12-d Appraisal Management Company Consent to Service of Process. – Each person applying for a registration as an appraisal management company that is not domiciled in this state shall complete an irrevocable uniform consent to service of process, as prescribed by the board. Source. 2012, 164:7, eff. Aug. 6, 2012.
310-B:12-e Appraisal Management Company Fee. – I. The board shall establish by rule or regulation a processing fee to be paid by each appraisal management company seeking registration under this chapter that is sufficient for the administration of the registration process. II. A similar processing fee may be charged by the board in connection […]
310-B:12-f Appraisal Management Company Owner Requirements. – I. An appraisal management company applying for registration in this state shall not: (a) Be owned by any person who has had an appraiser license or certificate in this state or in any other state, refused, denied, cancelled, surrendered in lieu of revocation, or revoked, unless such […]
310-B:12-g Appraisal Management Company Designated Contact. – Each appraisal management company applying to the board for registration in this state shall designate one controlling person who is an employee of the appraisal management company that will be the designated contact for all communication between the board and the appraisal management company. Source. 2012, 164:7, […]
310-B:12-h Appraisal Management Company Appraiser Credentials. – I. An appraisal management company that applies to the board for a registration to do business in this state as an appraisal management company shall not: (a) Knowingly employ any individual to perform appraisal services, who has had a license or certificate to act as an appraiser […]
310-B:12-i Appraisal Management Company; Appraisal Review. – Any employee of, or independent contractor to, an appraisal management company that performs a USPAP Standard 3 review of an appraisal report on property located in this state shall be an appraiser with the proper level of licensure issued by the board. Quality control examinations are exempt […]
310-B:12-j Appraisal Management Company; Adherence to Standards. – I. Each appraisal management company seeking to be registered in this state shall certify to the board on an annual basis that it requires appraisers completing appraisals at its request to comply with the Uniform Standards of Professional Appraisal Practice including the requirements for geographic and […]
310-B:12-k Appraisal Management Company; Recordkeeping. – Each appraisal management company seeking to be registered in this state shall certify to the board on an annual basis that it maintains a detailed record of each service request that it receives and the appraiser that performs the appraisal for the appraisal management company. Such records must […]
310-B:12-l Appraisal Management Company; Appraisal Reports. – I. An appraisal management company may not alter, modify, or otherwise change a completed appraisal report submitted by an appraiser without the appraiser’s written consent, except as necessary to comply with regulatory mandates or legal requirements. II. An appraisal management company may not use an appraisal report […]
310-B:12-m Appraisal Management Company; Registration Number. – I. The board shall issue a unique registration number to each appraisal management company registered in this state pursuant to this chapter. II. The board shall maintain a list of the appraisal management companies registered in this state and the registration numbers assigned to such persons. III. […]
310-B:12-n Appraisal Management Company; Unlawful Acts. – I. It shall be a violation of this chapter for any employee, partner, director, officer, or agent of an appraisal management company to: (a) Influence or attempt to influence the development, reporting, result, or review of an appraisal through coercion, extortion, collusion, compensation, inducement, intimidation, bribery or […]
310-B:12-o Appraisal Management Company; Mandatory Reporting. – An appraisal management company that has a reasonable basis to believe an appraiser has failed to comply with applicable laws, the Uniform Standards of Professional Appraisal Practice or other ethical or professional requirements in connection with a consumer credit transaction secured by a consumer’s principal dwelling, shall […]
310-B:12-p Appraiser Panel; Annual Size Calculation. – For purposes of determining whether, within a 12-month period, an AMC oversees an appraiser panel of more than 15 state-certified or state-licensed appraisers in a state or 25 or more state-certified or state-licensed appraisers in 2 or more states: I. An appraiser is deemed part of the […]
