§14047. Controlling persons
1. Designation of controlling person. An appraisal management company applying to the board for a license or for renewal of a license shall designate one controlling person that will be the main contact for all communication between the board and the appraisal management company.
[PL 2017, c. 475, Pt. D, §1 (REEN).]
2. Requirements. A controlling person must:
A. Be actively licensed or certified in at least one state as an appraiser at all times that the person is designated as a controlling person; [PL 2017, c. 475, Pt. D, §1 (REEN).]
B. Have never had a license or certificate to act as an appraiser refused, denied, cancelled, revoked or surrendered in lieu of a pending revocation for substantive cause in any state; [PL 2017, c. 475, Pt. D, §1 (REEN).]
C. Be of good moral character, as determined by the board; and [PL 2017, c. 475, Pt. D, §1 (REEN).]
D. Submit to a background investigation, as required by the board. [PL 2017, c. 475, Pt. D, §1 (REEN).]
[PL 2017, c. 475, Pt. D, §1 (REEN).]
SECTION HISTORY
PL 2017, c. 270, §1 (NEW). PL 2017, c. 475, Pt. D, §1 (REEN). MRSA T. 32 §14049-K, sub-§1 (RP).
Structure Maine Revised Statutes
TITLE 32: PROFESSIONS AND OCCUPATIONS
Chapter 124-A: APPRAISAL MANAGEMENT COMPANY LICENSING
32 §14047. Controlling persons
32 §14048. Employee requirements
32 §14049-B. Appraiser engagement
32 §14049-D. Appraisal management company operational and record-keeping requirements
32 §14049-E. Compensation of appraisers
32 §14049-F. Statement of fees
32 §14049-G. Prohibited practices
32 §14049-H. Mandatory reporting