Section 14047 - Controlling persons1. 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. [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; [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; [2017, c. 475, Pt. D, §1(REEN).]C. Be of good moral character, as determined by the board; and [2017, c. 475, Pt. D, §1(REEN).]D. Submit to a background investigation, as required by the board. [2017, c. 475, Pt. D, §1(REEN).] [2017, c. 475, Pt. D, §1(REEN).]
Amended by 2018SP2, c. 475,§ D-1, eff. 9/12/2018.Added by 2017, c. 270,§ 1, eff. 11/1/2017.