(c)

1. (1) An AMC must submit to the State Board of Appraisers, Abstracters, and Home Inspectors a notice of business name change within thirty (30) calendar days of the change.

2. (2) Such notification shall be in writing on a form prescribed by the board along with the following:

   1. (A) A corrected surety bond; and
   2. (B) A copy of the Secretary of State business registration with the company’s new name.

(d)

1. (1) An AMC with a change of individual ownership greater than fifty percent (50%) interest in the AMC shall submit to the board a notice of change of ownership.

2. (2) Such notification shall be in writing on a form prescribed by the board, along with the following:

   1. (A) A completed surety bond;
   2. (B) A copy of the Secretary of State business registration showing a change of registered agent; and
   3. (C) A completed background check authorization form for the new owner.

(f) An AMC that does not file a replacement surety bond shall:

1. (1) Surrender the AMC’s registration; and
2. (2) Cease operating as an AMC effective on the date of cancellation of the surety bond.

(g) Every subject individual and employee of an AMC must:

1. (1) Cooperate with the board;
2. (2) Respond fully and truthfully to board inquiries; and
3. (3) Comply with any requests from the board, subject only to the exercise of any applicable right or privilege.

(h) Failure to cooperate with the board is unethical and is grounds for discipline including:

1. (1) Revocation of a registration;
2. (2) Suspension of a registration;
3. (3) Imposition of a civil penalty;
4. (4) Denial of a registration; or
5. (5) Any combination of the above.