§ 16-5B-06. Person designated as controlling person

Latest version.

   (a) In general. -- A person applying for registration as an appraisal management company shall designate an individual to serve as a controlling person that will be the main contact for all communication between the Commission and the appraisal management company.

(b) Requirements. -- The controlling person designated under subsection (a) of this section shall:

   (1) have never had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in any state, unless the license or certificate was subsequently granted or reinstated;

   (2) be of good character and reputation, as determined by the Commission; and

   (3) submit to a background investigation, as determined by the Commission.

HISTORY: 2011, chs. 269, 270.

                    
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