1. (1) An appraisal management company shall annually submit to the Board on March 31 a report disclosing the following information on a form prescribed by the Board;

   1. (a) The number of independent contractor appraisals in the preceding year for which the appraisal management company performed appraisal management services in Oregon;
   2. (b) For subject individuals, any action taken by a state to refuse to issue, deny, cancel or revoke a license, certificate or registration to act as an appraiser;
   3. (c) For appraisal management companies, any action taken by a state to refuse to issue, deny, cancel or revoke a license, certificate or registration to act as an appraisal management company.
2. (2) A late fee, as established in OAR 161-510-0010, will be charged for any annual report received by the Board after March 31.

Statutory/Other Authority

ORS 183.355, ORS 674.305(7), ORS 674.310 & 2011 OL Ch. 447

Statutes/Other Implemented

ORS 674.310 & 2011 OL Ch. 447

History

ACLB 1-2012, f. 7-2-12, cert. ef. 7-3-12
ACLB 5-2011(Temp), f. 12-22-11, cert. ef. 1-1-12 thru 6-27-12