Section 101-05-01-02 - Registration application requirements1. An applicant for registration as an appraisal management company and an entity that is exempt from the state registration requirements, but is subject to the federal registry if the federal government requires, shall submit a written application on the prescribed form. The application must include the following information and certifications in addition to the requirements found in North Dakota Century Code chapter 43-23.5:a. The name, business address, telephone number, and email address of the person or entity seeking registration.b. Designation of an agent for service of process within the state and an irrevocable uniform consent to service of process.c. If the entity is not a corporation that is domiciled in this state, the name and contact information for the company's agent for service of process in this state.d. The name, address, and contact information for any individual or entity owning ten percent or more of the appraisal management company.e. The name, address, and contact information for an individual designated as the controlling person.f. Name and contact information of each individual authorized by the appraisal management company to contract with clients or independent appraisers for performance of appraisals.g. Certification that the controlling person had never been convicted of a criminal act involving moral turpitude nor had a license or certificate to act as an appraiser refused, revoked, or surrendered in lieu of disciplinary action in any state, unless such license or certificate was not declined, revoked, or suspended, for a substantive cause and has been reinstated by the state or states in which the individual was licensed or certified, substantive cause to be determine by the board.h. Certification that the appraisal management company is not owned in whole or in part, directly or indirectly, by an individual who has had an appraiser license or certificate denied, revoked, or suspended subject to a disciplinary proceeding in any state.2. An application for registration must be accompanied by the registration fee plus the applicable national registry fee.N.D. Admin Code 101-05-01-02
Adopted by Administrative Rules Supplement 367, January 2018, effective 1/1/2018.General Authority: NDCC 43-23.5-02
Law Implemented: NDCC 43-23.5-03, 43-23.5-04, 43-23.5-05, 43-23.5-06, 43-23.5-08, 43-23.5-09, 43-23.5-10; 12 USC 3353, 12 CFR 1102.403