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S.C. Code Ann. § 40-60-380

Designation of a controlling person; notification of changes

Known as the Appraisal Management Company Registration Act

The act spans §§ 40–40 (26 sections).

2017 Act No. 32 (S.279), SECTION 1, eff May 10, 2017.

(A) An appraisal management company applying to the board for registration in this State shall designate one controlling person who is to be the main contact for all communication between the board and the appraisal management company.

(B) To serve as a controlling person of an appraisal management company, a person shall certify to the board that he has never had a certificate or license issued by the appropriate board of this State or another state refused, denied, canceled, revoked, or surrendered in lieu of revocation.

(C) A registrant shall notify the board within fifteen days of a change in its controlling person or a change in the contact information of the controlling person.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.