An appraisal management company applying for registration or renewal of registration in the State shall designate one controlling person to serve as the main contact for all communication between the department and the company. The controlling person shall:

(1) Be in good standing in the State and in any other state that has at any time issued the controlling person an appraiser license or certification; provided that nothing in this chapter shall require that a designated controlling person hold or continue to hold an appraiser license or certification in any jurisdiction;
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Terms Used In Hawaii Revised Statutes 466L-16

  • Appraisal: A determination of property value.
  • Controlling person: means :

    (1) An officer, director, or owner of greater than a ten per cent interest of a corporation, partnership, or other business entity seeking to act as an appraisal management company in the State;

    (2) An individual employed, appointed, or authorized by an appraisal management company who has the authority to:

    (A) Enter a contractual relationship with other persons for performance of services requiring registration as an appraisal management company; and

    (B) Enter agreements with appraisers for the performance of appraisals; or

    (3) An individual who possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of an appraisal management company. See Hawaii Revised Statutes 466L-2

  • Department: means the department of commerce and consumer affairs. See Hawaii Revised Statutes 466L-2
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Person: means a natural person or an organization, including a corporation, partnership, proprietorship, association, cooperative, estate, trust, or government unit. See Hawaii Revised Statutes 466L-2
(2) Never have had an appraiser license or certification in this State or any other state refused, denied, canceled, revoked, or surrendered in lieu of a pending disciplinary proceeding in any jurisdiction and not have had the license or certification subsequently reinstated or granted;
(3) Be of good moral character; and
(4) Submit to a criminal history record check pursuant to § 466L-8.

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