Alaska Stat. § 08.87.130
This is the official text of Alaska Stat. § 08.87.130, part of Alaska’s Stat — part of the compiled statutory law of Alaska, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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Registration required.
Official statutory text
(a) A person shall register as a real estate appraisal management company with the board to perform appraisal management services if the person (1) provides an appraisal management service (A) to a creditor or secondary mortgage market participant, including an affiliate; and
(B) in connection with valuing a borrower's principal dwelling as security for a consumer credit transaction or incorporating consumer credit transactions into a securitization; and
(2) oversees an appraiser panel.
(b) A person is guilty of a class B misdemeanor if the person engages in business as or holds out as a real estate appraisal management company, or performs or attempts to perform appraisal management services, at a time when the (1) person does not hold a registration issued by the board; or
(2) registration issued by the board to the person is suspended, revoked, lapsed, or surrendered.
(B) in connection with valuing a borrower's principal dwelling as security for a consumer credit transaction or incorporating consumer credit transactions into a securitization; and
(2) oversees an appraiser panel.
(b) A person is guilty of a class B misdemeanor if the person engages in business as or holds out as a real estate appraisal management company, or performs or attempts to perform appraisal management services, at a time when the (1) person does not hold a registration issued by the board; or
(2) registration issued by the board to the person is suspended, revoked, lapsed, or surrendered.
Status: in_force · Read it on the official government site
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