Mississippi Administrative Code
Title 30 - Professions and Occupations
Part 1502 - Appraisal Management Companies
Chapter 2 - Registration
Rule 30-1502-2.3 - Designated Officer

Universal Citation: MS Code of Rules 30-1502-2.3

Current through September 24, 2024

1. Each AMC applying for registration shall designate one (1) controlling person who is an employee of the AMC as its Designated Officer. The Designated Officer shall be the AMC's designated contact for all communications between the Board and the AMC.

2. The Designated Officer shall be authorized by the AMC to act on its behalf for the purpose of the application for and compliance with a Certificate of Registration to operate as an AMC. The Designated Officer shall be responsible for the supervision and control of activities conducted on behalf of the AMC by its officers and employees as necessary to secure full compliance with the provisions of the Board's laws, rules and regulations.

3. The Designated Officer shall:

(a) Be authorized by the AMC to enter into a contractual relationship with other persons for the performance of services requiring registration as an AMC and have the authority to enter into agreements with appraisers for the performance of appraisals;

(b) Possess the power to direct or cause the direction of the management or policies of the AMC.

Miss. Code Ann . § 73-34-111, 73-34-3(q), (ii), (iii) & 73-34-9( l) (Rev. 2012).

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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.