New York Laws
Article 6-H - Real Estate Appraisal Management Companies
160-LLLL - Recordkeeping.

§ 160-llll. Recordkeeping. Each appraisal management company shall
maintain a detailed record of each service request that it receives and
the real estate appraiser that performs such appraisal for the appraisal
management company. Records shall be maintained for a period of at least
five years after such appraisal is completed or two years after final
disposition of a judicial proceeding related to such assignment,
whichever period expires later. Appraisal management companies shall
make records available to the department upon request. Appraisal
management companies shall also allow the department to examine the
books and records of the appraisal management company and require it to
submit reports, information and documents upon request. Appraisal
management companies shall also allow the department to verify that the
appraisers on such panel hold a valid license or certification.

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