36-21D-4. Promulgation of rules regarding companies and services.
The secretary of the Department of Labor and Regulation may promulgate rules pursuant to chapter 1-26 relating to appraisal management companies and appraisal management services in the following areas:
(1)Registration of appraisal management companies;
(2)Definition of terms;
(3)Responsibilities and duties;
(4)Application for and issuance of certificate of registration;
(5)Renewal and late renewal procedures;
(6)Contracting for investigations;
(7)Complaints and grounds for disciplinary actions, including denial, revocation, suspension, censure, and reprimand;
(8)Retention and inspection of records;
(9)Roster;
(10)Review of appraisal related records;
(11)Inspection, examination, and photocopy of records;
(12)National registry fee collection and remittance; and
(13)Filing of surety bonds or irrevocable letters of credit.
Source: SL 2011, ch 184, §4; SL 2014, ch 184, §4; SL 2021, ch 168, § 36.