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§ 16-507. Examination waivers; out-of-state certifications

West's Annotated Code of MarylandBusiness Occupations and ProfessionsEffective: July 1, 2015

West's Annotated Code of Maryland
Business Occupations and Professions
Title 16. Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors (Refs & Annos)
Subtitle 5. Certification of Real Estate Appraisers (Refs & Annos)
Effective: July 1, 2015
MD Code, Business Occupations & Professions, § 16-507
§ 16-507. Examination waivers; out-of-state certifications
Currentness
In general
(a) Subject to the provisions of this section, the Commission may waive the examination requirements of this subtitle for an individual who is certified to provide certified real estate appraisal services in another state.
Grounds for waiver
(b) The Commission may grant a waiver under this section only if the applicant:
(1) pays to the Commission the application fee set by the Commission under § 16-505 of this subtitle; and
(2) provides adequate evidence that the applicant:
(i) is certified by a state that is in compliance with Title XI of the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as determined by the Appraisal Subcommittee of the federal Financial Institutions Examinations Council;
(ii) holds a valid certificate issued by that state; and
(iii) was certified in the other state after meeting, in that state, requirements that are substantially equivalent to or exceed the certification requirements of this State.

Credits

Added by Acts 1990, c. 594. Renumbered from Business Occupations and Professions § 15.5-507 by Acts 1994, c. 3, § 13, eff. Feb. 28, 1994. Amended by Acts 2015, c. 121, § 1, eff. July 1, 2015.
MD Code, Business Occupations & Professions, § 16-507, MD BUS OCCUP & PROF § 16-507
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.
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