Current through Supplement No. 396, July, 2025
1.
An applicant for registration as an appraisal management company and an entity
that is exempt from the state registration requirements, but is subject to the
federal registry if the federal government requires, shall submit a written
application on the prescribed form. The application must include the following
information and certifications in addition to the requirements found in North
Dakota Century Code chapter 43-23.5:
a. The
name, business address, telephone number, and email address of the person or
entity seeking registration.
b.
Designation of an agent for service of process within the state and an
irrevocable uniform consent to service of process.
c. If the entity is not a corporation that is
domiciled in this state, the name and contact information for the company's
agent for service of process in this state.
d. The name, address, and contact information
for any individual or entity owning ten percent or more of the appraisal
management company.
e. The name,
address, and contact information for an individual designated as the
controlling person.
f. Name and
contact information of each individual authorized by the appraisal management
company to contract with clients or independent appraisers for performance of
appraisals.
g. Certification that
the controlling person had never been convicted of a criminal act involving
moral turpitude nor had a license or certificate to act as an appraiser
refused, revoked, or surrendered in lieu of disciplinary action in any state,
unless such license or certificate was not declined, revoked, or suspended, for
a substantive cause and has been reinstated by the state or states in which the
individual was licensed or certified, substantive cause to be determine by the
board.
h. Certification that the
appraisal management company is not owned in whole or in part, directly or
indirectly, by an individual who has had an appraiser license or certificate
denied, revoked, or suspended subject to a disciplinary proceeding in any
state.
2. An application
for registration must be accompanied by the registration fee plus the
applicable national registry fee.
