37-54-512. Audits. Upon renewal, not less than 10% of the appraisal management companies in this state must be subjected to a random audit. Audited appraisal management companies shall submit the recordkeeping documentation described in 37-54-513 for the 12-month period prior to renewal and any other documentation the board requests to validate compliance with this chapter. Any costs incurred by the board during an audit may be attributed to the appraisal management company.
History: En. Sec. 14, 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