32-3669

32-3669. Controlling person

A. Each appraisal management company applying to the board for registration in this state shall designate one controlling person that will be the main contact for all communication between the board and the appraisal management company.

B. To serve as a controlling person of an appraisal management company, a person shall:

1. Certify to the board that the person has never had any financial, real estate or mortgage lending industry license or certificate issued by this state, or any other state, refused, denied, canceled, revoked or voluntarily surrendered. This requirement may be waived by appeal and at the discretion of the board.

2. Be of good moral character.

3. Submit to a background investigation as determined by the board.