Each appraisal management company shall maintain a detailed record of appraisal management services provided under its registration. The detailed record includes, at minimum, the following information as applicable:
(1) Copy of contract or agreement, which includes date of agreement with AMC appraiser to provide valuation services,(2) Name of client and intended user(s),(3) Name and credential number of AMC appraiser,(4) Documentation verifying AMC appraiser's standing at the time of agreement,(5) Address of the property(ies) that is/are the subject of the appraisal management services,(6) Fees paid to the AMC appraiser,(7) Date of service completion,(8) Date payment-in-full was made to the AMC appraiser,(9) Copy of all communication between AMC appraiser and appraisal management company,(10) Proof that appraisal management company requires AMC appraiser to comply with USPAP,(11) AMC appraiser's signed consent to any subsequent, specified report modifications made by the appraisal management company,(12) Record of quality control or USPAP compliance, and(13) All original or revised copies of subject report as submitted.298 Neb. Admin. Code, ch. 1, § 009
Adopted effective 2/27/2017.Amended effective 4/10/2019Amended effective 12/16/2020Amended effective 12/21/2021Amended effective 6/5/2023