Current through Register Vol. 18, September 20, 2024
(1) An applicant for registration as an
appraisal management company in Montana must:
(a) submit a complete application on forms
prescribed by the department;
(b)
submit the appropriate fees;
(c)
provide the appraisal management company employer identification number (EIN)
or Tax ID number for Montana;
(d)
provide the information required in
37-54-501,
MCA;
(e) provide contact
information for the persons described in
37-54-501,
MCA. Such persons must provide contact information for all forms of
communication used by the person in connection with the appraisal management
company, including the person's physical office address, mailing address,
telephone number, facsimile number, electronic mail address, and web site
address;
(f) include proof that
the entity and all persons described in
37-54-501,
MCA, have satisfied the registration requirements, if any, of Title 35 of the
Montana Code Annotated and the Montana Secretary of State's Office;
(g) provide a list of all states in which the
appraisal management company is currently located and/or providing appraisal
management services;
(h) provide
verifications from all states in which the appraisal management company is
licensed, registered, or has ever been licensed or registered; and
(i) provide specific information requested by
the board regarding the business practices, any civil, criminal, or
administrative actions, ethical practice of the appraisal management company's
individual owners of the company, and controlling and contact persons as part
of the background examination pursuant to
37-54-503,
MCA.
(2) An appraisal
management company registration shall be renewed annually on or before the date
set by ARM
24.101.413. In order to renew a
registration, the contact person designated by the appraisal management company
must submit the renewal application prescribed by the department and approved
by the board, pay the appropriate renewal fee, and be the point of contact for
questions and concerns regarding the application and annual renewal
processes.s
AUTH:
37-1-131,
37-54-105,
MCA IMP:
37-1-131,
37-54-501,
MCA
