61-2e-303 - Recordkeeping.
61-2e-303. Recordkeeping.
(1) An appraisal management company required to be registered under this chapter shallmaintain a detailed record of the following for the same time period an appraiser is required tomaintain an appraisal record for the same real estate appraisal activity:
(a) a real estate appraisal activity request that the appraisal management companyreceives; and
(b) the appraiser that performs the real estate appraisal activity described in Subsection(1) for the appraisal management company.
(2) As part of the registration process under Part 2, Registration, an appraisalmanagement company shall biennially provide an explanation of its recordkeeping described inSubsection (1) in the form prescribed by the division.
Enacted by Chapter 269, 2009 General Session