(a) Purpose.

1. (1) This part of the State Board of Appraisers, Abstracters, and Home Inspectors is set forth for the purpose of interpreting and implementing the Arkansas Appraiser Licensing and Certification Act, Arkansas Code § 17-14-101 et seq., Arkansas Code § 17-14-201 et seq., and Arkansas Code § 17-14-301 et seq., Appraisal Management Company Registration Act, Arkansas Code § 17-14-401 et seq., Abstracters’ Licensing Law of 1969, Arkansas Code § 17-11-101 et seq., and Arkansas Home Inspectors Registration Act, Arkansas Code § 17-52-301 et seq.
2. (2) These acts establish the board and grant it full responsibility for licensure of appraisers, abstracters, and home inspectors.
3. (3) It also provides for the regulation of the appraisal practice, the business of abstracting, and the practice of home inspection.

(c) Severability.

1. (1) If any provision of this part or the application thereof to any person or circumstance is invalid, such invalidity shall not affect other provisions or applications of this part; they can be given effect without the invalid provision or application.
2. (2) To this end, the provisions of this part are declared to be severable.

(d) Defined terms.

1. (1) The terms defined in the Arkansas Appraiser Licensing and Certification Act, Appraisal Management Company Registration Act, Abstracters’ Licensing Law of 1969, and Arkansas Home Inspectors Registration Act shall have the same meanings when used in this part, unless the context or subject matter clearly requires a different interpretation.
2. (2) Further terms may be defined in subsequent subparts of this part.