Section 858-809 - Ownership of AMC applying for, holding, or renewing a registrationA. An AMC applying for, holding, or renewing a registration under the Oklahoma Appraisal Management Company Regulation Act shall not be owned by: 1. A person who has held a credential issued by any appraiser-credentialing jurisdiction to act as an appraiser that was refused, denied, canceled, suspended, revoked or surrendered in lieu of a pending disciplinary proceeding in any jurisdiction and not subsequently granted or reinstated; or2. An entity that is owned by any person who has held a credential issued by any appraiser-credentialing jurisdiction to act as an appraiser that was refused, denied, canceled, suspended, revoked or surrendered in lieu of a pending disciplinary proceeding in any jurisdiction and not subsequently granted or reinstated.B. Each person that owns an AMC applying for, holding, or renewing a registration under the Oklahoma Appraisal Management Company Regulation Act shall: 1. Be of good moral character, as determined by the Board; and2. Submit to a background investigation, as determined by the Board.C. Each AMC applying for registration or for renewal of a registration under the Oklahoma Appraisal Management Company Regulation Act shall certify to the Oklahoma Real Estate Appraiser Board on a form prescribed by the Board that it has reviewed each entity that owns the AMC and that no entity has had a credential issued by any appraiser-credentialing jurisdiction to act as an appraiser that was refused, denied, cancelled, suspended, revoked, or surrendered in lieu of a pending disciplinary proceeding in any jurisdiction and not subsequently granted or reinstated.Okla. Stat. tit. 59, § 858-809
Amended by Laws 2019 , c. 90, s. 6, eff. 11/1/2019.Amended by Laws 2016 , c. 195, s. 3, eff. 11/1/2016.Added by Laws 2010 , HB 2772, c. 364, §9, eff. 1/1/2011.