1. (1) its system for maintaining a record of:

   1. (a)(i) the name of the appraiser who accepts each assignment and signs the corresponding appraisal report; and

      1. (ii) if an assignment is accepted by an appraisal entity, the name of the entity that accepts the assignment; and
   2. (b) the client that requested the appraisal report;
2. (2) the format in which the records required to be kept under Section 61-2e-303(1) are maintained;
3. (3) an explanation of the system through which the AMC backs up any records kept as required by Section 61-2e-303(1) that are maintained in an electronic format;
4. (4) the location where the records are kept; and
5. (5) the name of the records custodian.

An AMC's statement of recordkeeping required upon registration with the division and biennially thereafter shall be signed by its designated controlling person and shall describe:

KEY: administrative proceedings, appraisal management company (AMC), conduct, AMC registry fee

Date of Last Change: April 24, 2024

Notice of Continuation: December 24, 2024

Authorizing, and Implemented or Interpreted Law: 61-2e-102(4); 61-2e-103; 61-2e-307; 61-2e-305; 61-2e-402(1)