§ 5-20.9-12. Verification of appraiser licensure or certification.
An appraisal management company registered in this state pursuant to this chapter may not enter into contracts or agreements with an independent fee appraiser for the performance of residential real estate appraisal services unless that person is licensed or certified and in good standing pursuant to chapter 20.7 of this title.
History of Section.P.L. 2017, ch. 14, § 1; P.L. 2017, ch. 26, § 1.
Structure Rhode Island General Laws
Title 5 - Businesses and Professions
Chapter 5-20.9 - Real Estate Appraisal Management Company Registration Act
Section 5-20.9-1. - Legislative purpose.
Section 5-20.9-2. - Definitions.
Section 5-20.9-3. - Registration required for appraisal management companies.
Section 5-20.9-4. - Requirements for registration.
Section 5-20.9-5. - Consent to service of process.
Section 5-20.9-6. - Retention of records.
Section 5-20.9-7. - Initial registration, renewals, forms, and fees.
Section 5-20.9-8. - Expiration of registration.
Section 5-20.9-10. - Owner requirements.
Section 5-20.9-11. - Controlling person and review appraiser employees.
Section 5-20.9-12. - Verification of appraiser licensure or certification.
Section 5-20.9-13. - Appraiser independence.
Section 5-20.9-14. - Prohibited practices.
Section 5-20.9-16. - Investigations.
Section 5-20.9-17. - Order to cease and desist.
Section 5-20.9-18. - Hearing before revocation or suspension or refusal of registration.