37-54-502. Registration exemptions. (1) The provisions of this chapter do not apply to a person who exclusively employs appraisers on an employer-employee basis for the performance of an appraisal assignment.
(2) An appraisal management company that is a subsidiary owned and controlled by a financial institution that is regulated by a federal financial institution regulatory agency is not required to register with the board but shall comply with all provisions of this chapter, as long as the provisions of this chapter do not conflict with federal law related to the operation of an appraisal management company in this state.
History: En. Sec. 4, Ch. 270, L. 2011.
Structure Montana Code Annotated
Title 37. Professions and Occupations
Chapter 54. Real Estate Appraisers
Part 5. Appraisal Management Companies
37-54-501. Appraisal management company registration
37-54-502. Registration exemptions
37-54-505. Employee requirements
37-54-507. Mandatory reporting
37-54-509. Certification to board -- appraisal panel members
37-54-510. Certification to board -- continuing licensure
37-54-511. Certification -- adherence to standards
37-54-514. Appraiser independence -- prohibitions
37-54-515. Guaranty of payment