Home Table of Contents

§ 16-5B-09. Recordkeeping requirements

West's Annotated Code of MarylandBusiness Occupations and ProfessionsEffective: July 1, 2011

West's Annotated Code of Maryland
Business Occupations and Professions
Title 16. Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors (Refs & Annos)
Subtitle 5b. Real Estate Appraisal Management Companies (Refs & Annos)
Effective: July 1, 2011
MD Code, Business Occupations & Professions, § 16-5B-09
§ 16-5B-09. Recordkeeping requirements
Currentness
In general
(a) A person applying for registration as an appraisal management company shall certify to the Commission on an annual basis that it will maintain a detailed record of:
(1) each service request that it receives; and
(2) each appraiser that performs the appraisal for the appraisal management company.
Retention of records
(b) An appraisal management company shall retain the records required under subsection (a) of this section for 5 years after an appraisal is completed, or 2 years after final disposition of a judicial proceeding related to the assignment, whichever period expires later.

Credits

Added by Acts 2011, c. 269, § 1, eff. July 1, 2011; Acts 2011, c. 270, § 1, eff. July 1, 2011.
MD Code, Business Occupations & Professions, § 16-5B-09, MD BUS OCCUP & PROF § 16-5B-09
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document