N.M. Admin. Code § 16.62.15.11

Current through Register Vol. 36, No. 1, January 14, 2025

Section 16.62.15.11 - INACTIVE STATUS

A. The following criteria must be met for inactive status eligibility

(1) the licensee must be in good standing; and

(2) the license must be current.

B. A licensee who fails to renew a license by April 30^th of any year, shall renew the license in accordance with the Appraisal Act before the licensee can be considered for inactive status.

C. A licensee who wishes to be placed on inactive status shall notify the board office in writing prior to the expiration of the license or certificate. The notice will be recorded in the minutes of the board.

D. A licensee on inactive status shall not engage in any activity for which registration is required.

E. Rendering or offering to render in appraisal services or engaging in the any appraisal activity while on inactive status shall be considered sufficient grounds for disciplinary action by the board.

F. When an appraiser holds an inactive license and represents himself/herself in public statements that include but are not limited to, paid or unpaid advertising, brochures, printed matter, directory listings, personal resumes or curricula vitae, interviews or comments for use in media, statements in legal proceedings, lectures, and public oral presentations, must disclose that with an inactive license, and shall not provide appraisal consulting.

G. Licensees on inactive status will be reported to the national registry.

N.M. Admin. Code § 16.62.15.11

Adopted by New Mexico Register, Volume XXV, Issue 23, December 15, 2014, eff. 1/1/2015, Amended by New Mexico Register, Volume XXVII, Issue 24, December 30, 2016, eff. 1/15/2017