Okla. Stat. tit. 59, § 59-858-809
This is the official text of Okla. Stat. tit. 59, § 59-858-809, part of Oklahoma’s Stat. tit. 59, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 59,." Browse the sections below, each linked to its official government source.
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Ownership of AMC applying for, holding, or renewing a
Official statutory text
registration.
A. An AMC applying for, holding, or renewing a registration
under the Oklahoma Appraisal Management Company Regulation Act shall
not be owned by:
1. A person who has held a credential issued by any appraiser-
credentialing jurisdiction to act as an appraiser that was refused,
denied, canceled, suspended, revoked or surrendered in lieu of a
pending disciplinary proceeding in any jurisdiction and not
subsequently granted or reinstated; or
2. An entity that is owned by any person who has held a
credential issued by any appraiser-credentialing jurisdiction to act
as an appraiser that was refused, denied, canceled, suspended,
revoked or surrendered in lieu of a pending disciplinary proceeding
in any jurisdiction and not subsequently granted or reinstated.
Oklahoma Statutes - Title 59. Professions and Occupations Page 784
B. Each person that owns an AMC applying for, holding, or
renewing a registration under the Oklahoma Appraisal Management
Company Regulation Act shall:
1. Be of good moral character, as determined by the Board; and
2. Submit to a background investigation, as determined by the
Board.
C. Each AMC applying for registration or for renewal of a
registration under the Oklahoma Appraisal Management Company
Regulation Act shall certify to the Oklahoma Real Estate Appraiser
Board on a form prescribed by the Board that it has reviewed each
entity that owns the AMC and that no entity has had a credential
issued by any appraiser-credentialing jurisdiction to act as an
appraiser that was refused, denied, cancelled, suspended, revoked,
or surrendered in lieu of a pending disciplinary proceeding in any
jurisdiction and not subsequently granted or reinstated.
A. An AMC applying for, holding, or renewing a registration
under the Oklahoma Appraisal Management Company Regulation Act shall
not be owned by:
1. A person who has held a credential issued by any appraiser-
credentialing jurisdiction to act as an appraiser that was refused,
denied, canceled, suspended, revoked or surrendered in lieu of a
pending disciplinary proceeding in any jurisdiction and not
subsequently granted or reinstated; or
2. An entity that is owned by any person who has held a
credential issued by any appraiser-credentialing jurisdiction to act
as an appraiser that was refused, denied, canceled, suspended,
revoked or surrendered in lieu of a pending disciplinary proceeding
in any jurisdiction and not subsequently granted or reinstated.
Oklahoma Statutes - Title 59. Professions and Occupations Page 784
B. Each person that owns an AMC applying for, holding, or
renewing a registration under the Oklahoma Appraisal Management
Company Regulation Act shall:
1. Be of good moral character, as determined by the Board; and
2. Submit to a background investigation, as determined by the
Board.
C. Each AMC applying for registration or for renewal of a
registration under the Oklahoma Appraisal Management Company
Regulation Act shall certify to the Oklahoma Real Estate Appraiser
Board on a form prescribed by the Board that it has reviewed each
entity that owns the AMC and that no entity has had a credential
issued by any appraiser-credentialing jurisdiction to act as an
appraiser that was refused, denied, cancelled, suspended, revoked,
or surrendered in lieu of a pending disciplinary proceeding in any
jurisdiction and not subsequently granted or reinstated.
Status: in_force · Read it on the official government site
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