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§ 858-809. Ownership of AMC applying for, holding, or renewing a registration

Oklahoma Statutes AnnotatedTitle 59. Professions and OccupationsEffective: November 1, 2019

Oklahoma Statutes Annotated
Title 59. Professions and Occupations (Refs & Annos)
Chapter 20. Oklahoma Real Estate License Code
Article VIII. Oklahoma Appraisal Management Company Regulation Act
Effective: November 1, 2019
59 Okl.St.Ann. § 858-809
§ 858-809. Ownership of AMC applying for, holding, or renewing a registration
Currentness
A. 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; or
2. 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; and
2. 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.

Credits

Laws 2010, c. 364, § 9, eff. Jan. 1, 2011; Laws 2016, c. 195, § 3, eff. Nov. 1, 2016; Laws 2019, c. 90, § 6, eff. Nov. 1, 2019.
59 Okl. St. Ann. § 858-809, OK ST T. 59 § 858-809
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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