New Hampshire Revised Statutes 310-B:12-r – Ownership Limitations for State-registered AMCs
Current as of: 2023 | Check for updates
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I. Appraiser certification or licensing of owners.
(a) An AMC subject to state registration shall not be registered by this state or included on the AMC National Registry if such AMC, in whole or in part, directly or indirectly, is owned by any person who has had an appraiser license or certificate refused, denied, canceled, surrendered in lieu of revocation, or revoked in any state for a substantive cause, as determined by the appropriate state appraiser certifying and licensing agency.
(b) An AMC subject to state registration is not barred by from being registered by this state or included on the AMC National Registry if the appraiser license of the appraiser with an ownership interest was not revoked for a substantive cause and has been reinstated by the state or states in which the appraiser was licensed or certified.
II. Good moral character of owners. An AMC shall not be registered by this state if any person that owns more than 10 percent of the AMC:
(a) Is determined by the state appraiser certifying and licensing agency not to have good moral character; or
(b) Fails to submit to a background investigation carried out by the state appraiser certifying and licensing agency.
(a) An AMC subject to state registration shall not be registered by this state or included on the AMC National Registry if such AMC, in whole or in part, directly or indirectly, is owned by any person who has had an appraiser license or certificate refused, denied, canceled, surrendered in lieu of revocation, or revoked in any state for a substantive cause, as determined by the appropriate state appraiser certifying and licensing agency.
Terms Used In New Hampshire Revised Statutes 310-B:12-r
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
(b) An AMC subject to state registration is not barred by from being registered by this state or included on the AMC National Registry if the appraiser license of the appraiser with an ownership interest was not revoked for a substantive cause and has been reinstated by the state or states in which the appraiser was licensed or certified.
II. Good moral character of owners. An AMC shall not be registered by this state if any person that owns more than 10 percent of the AMC:
(a) Is determined by the state appraiser certifying and licensing agency not to have good moral character; or
(b) Fails to submit to a background investigation carried out by the state appraiser certifying and licensing agency.