Current through September 16, 2024
1. An application
for the initial registration of an appraisal management company provided by the
Division must include the requirements pursuant to
NRS
645C.650, as amended by section 22 of Senate
Bill No. 39, chapter 91, Statutes of Nevada 2019, at page 483, and the
following information:
(a)
If the applicant is a natural person, the social security
number of the applicant.
(b) If the applicant is not a natural person:
(1) The name, residence address, business
address and social security number of each person who will have at least a 10
percent ownership interest in the applicant as a principal, general partner,
director, officer or trustee; and
(2) The name of the qualified employee
designated by the applicant.
(c) The number of certified or licensed
appraisers in Nevada in the network or panel currently maintained by the
appraisal management company and, if applicable, the total number of certified
or licensed appraisers nationwide in the network or panel currently maintained
by the appraisal management company.
(d) Such other pertinent information as the
Division may require.
2.
The application must be accompanied by:
(a) A
complete set of the fingerprints of the applicant or, if the applicant is not a
natural person, a complete set of the fingerprints of each person who will have
at least a 10 percent ownership interest in the applicant as a principal,
partner, officer, director or trustee, and written permission authorizing the
Division to forward the fingerprints to the Central Repository for Nevada
Records of Criminal History for submission to the Federal Bureau of
Investigation for its report; or
(b) Written verification, on a form
prescribed by the Division, stating that the fingerprints of the applicant were
taken and directly forwarded electronically or by another means to the Central
Repository and that the applicant has given written permission to the law
enforcement agency or other authorized entity taking the fingerprints to submit
the fingerprints to the Central Repository for submission to the Federal Bureau
of Investigation for a report on the applicant's
background.
3. In
addition to the information required by subsection 2, the application must be
accompanied by the following:
(a) A recent
photograph of the applicant or, if the applicant is not a natural person, a
recent photograph of each person who will have at least a 10 percent ownership
interest in the applicant as a principal, partner, director, officer or
trustee.
(b) The certifications
required by
NRS
645C.650, as amended by section 22 of Senate
Bill No. 39, chapter 91, Statutes of Nevada 2019, at page 483.
(c) The statement required by
NRS
645C.655.
(d) If the applicant uses an appraiser fee
schedule, a copy of the appraiser fee schedule.
4. As used in this section, "qualified
employee" means a natural person who is a principal, general partner, director,
officer, manager or registered agent of an appraisal management company and who
is designated by the appraisal management company to act on its
behalf.
Added to NAC by Comm'n of
Appraisers of Real Estate by R091-09, eff. 4-20-2010; A by
R176-18A,
eff. 5/21/2020
NRS
645C.210,
645C.650,
as amended by section 22 of Senate Bill No. 39, chapter 91, Statutes of Nevada
2019, at page 483
