Ind. Code § 25-34.1-8-2 – Members; appointments; removal | Midpage

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Indiana Code

§ 2

Ind. Code § 25-34.1-8-2

Members; appointments; removal

As added by P.L.186-1990, SEC.14. Amended by P.L.183-1991, SEC.11; P.L.249-2019, SEC.128.

Versions (2)

As of

Dec 31, 2019Current
Dec 31, 2017

(a) The board consists of five (5) members appointed by the governor as follows:
1. (1) Subject to IC 25-1-6.5-3 , three (3) members who are real estate appraisers:
  1. (A) who are licensed or certified under this article;
  2. (B) who have at least five (5) years experience as real estate appraisers; and
  3. (C) at least one (1) of whom is a certified appraiser.
2. (2) Subject to IC 25-1-6.5-3 , one (1) representative who represents lenders qualified to:
  1. (A) make Federal Housing Administration insured loans and Veterans Administration guaranteed loans; and
  2. (B) sell loans to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.
3. (3) Subject to IC 25-1-6.5-3 , one (1) member who is not associated with the real estate business in any way other than as a consumer.
(b) A member may be removed under IC 25-1-6.5-4 .

As added by P.L.186-1990, SEC.14. Amended by P.L.183-1991, SEC.11; P.L.249-2019, SEC.128.