Current with changes from the 2024 Legislative Session
Section 16-5B-06 - Person designated as controlling person(a) 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) 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.