Mississippi Administrative Code
Title 30 - Professions and Occupations
Part 1502 - Appraisal Management Companies
Chapter 2 - Registration
Rule 30-1502-2.11 - Removal of Appraisers from AMC Appraiser Panel
Universal Citation: MS Code of Rules 30-1502-2.11
Current through September 24, 2024
1. Notice.
(a) Notwithstanding any provision of
Miss. Code Ann. §
73-34-129,
an AMC may not remove an appraiser from its appraiser panel, or otherwise
refuse to assign requests for real estate appraisal services to an appraiser
without written notice to the appraiser stating the reasons why the appraiser
is being removed from the appraiser panel.
(b) If the appraiser is being removed from
the panel for illegal conduct, violation of USPAP, or a violation of state
licensing standards, the written notice should notify the appraiser of the
nature of the alleged conduct or violation; and
(c) The notice must provide an opportunity
for the appraiser to respond to the notice.
2. Decision - The decision to remove the appraiser shall be in writing and shall contain the reason(s) and the basis for the removal.
3. Service of Notice and Decision - The AMC shall send both the written notice and decision to the appraiser by certified mail, return receipt requested.
4. Complaint for Review of AMC's Decision
(a) An appraiser who is removed from the
appraiser panel of an AMC for alleged illegal conduct, violation of USPAP, or a
violation of state licensing standards, may file with the Board a Complaint for
review of the AMC's decision.
(b)
If an appraiser files a Complaint, it shall be filed with the Board within
twenty (20) days of the appraiser's receipt of the AMC decision.
(c) The scope of the Board's review of the
AMC decision is limited to determining whether the AMC has complied with the
notice requirements; and whether illegal conduct, a violation of USPAP, or a
violation of state licensing standards has occurred.
(d) Adjudication of a Complaint for review of
an AMC -s decision to remove an appraiser from an appraiser panel shall be
conducted in accordance with Miss. Code Ann. §
73-34-131.
(e) If after opportunity for
hearing and review, the Board determines that an AMC acted improperly in
removing the appraiser from the appraiser panel, or that the appraiser did not
commit a violation of law, a violation of USPAP, or a violation of state
licensing standards, the Board shall:
(i)
Provide written findings to the involved parties;
(ii) Provide an opportunity for the AMC/or
the appraiser to respond to the findings; and
(iii) Make recommendations for action.
Miss. Code Ann . §§ 73-34-129 & 73-34-131 (Rev. 2012); § 73-34-59 (Rev. 2019).
Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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