Composition of appraisal panel

An appraisal panel may include appraisers who are engaged by or accepted by the appraisal management company for consideration for future appraisal assignments in covered transactions or for secondary mortgage market participants in connection with covered transactions. History. — Code 1981, § 43-39A-14.2, enacted by Ga. L. 2019, p. 724, § 7/HB 192. Effective date. — This Code section became effective July 1, 2019. 378 43-39A-14.3 REAL ESTATE APPRAISERS 43-39A-14.3 43-39A-14.3. Appraiser as part of appraisal management company’s appraiser panel; term; removal. (a) An appraiser shall be deemed part of an appraisal management company’s appraiser panel as of the earliest date on which the appraisal management company: (1) Affirms acceptance of the appraiser for the appraisal management company’s consideration for future appraisal assignments in covered transactions or for secondary mortgage market participants in connection with covered transactions; or (2) Engages the appraiser to perform one or more appraisals on behalf of a creditor for a covered transaction or secondary mortgage market participant in connection with covered transactions. (b) An appraiser who is deemed part of the appraisal management company’s appraiser panel pursuant to subsection (a) of this Code section shall remain on the panel until the date on which the appraisal management company: (1) Sends written notice to the appraiser removing such appraiser from the appraiser panel, with an explanation of its action; or (2) Receives written notice from the appraiser requesting to be removed from the appraiser panel or notice of the death or incapacity of the appraiser. (c) If an appraiser is removed from an appraisal management company’s appraiser panel pursuant to subsection (b) of this Code section, but the appraisal management company subsequently accepts the appraiser for consideration for future assignments or engages the appraiser at any time during the 12 months after the removal of such appraiser, such removal shall be deemed not to have occurred and the appraiser shall be deemed to have been part of the appraisal management company’s appraiser panel without interruption. (d) The period for considering appraisers on an appraisal management company’s appraiser panel shall be the 12 month period from the date of initial registration or each successive 12 month period thereafter. History. — Code 1981, § 43-39A-14.3, enacted by Ga. L. 2019, p. 724, § 7/HB 192. Effective date. — This Code section became effective July 1, 2019. 379 43-39A-17 43-39A-15. Hearings in accordance with ‘‘Georgia Administrative Procedure Act.’’ (a) If the board, after an application in proper form has been filed with it, accompanied by the proper fee, shall refuse to issue an appraiser classification to such applicant, the board shall provide an opportunity for a hearing for such applicant in accordance with Chapter 13 of Title 50, the ‘‘Georgia Administrative Procedure Act.’’ Unless otherwise agreed to by the board, all such hearings shall be held in the county of domicile of the board. (b) Any person who has exhausted all administrative remedies available within this chapter and who is aggrieved by a final decision in a contested case is entitled to judicial review in accordance with Chapter 13 of Title 50, the ‘‘Georgia Administrative Procedure Act.’’ Notwithstanding any provision of subsection (b) of Code Section 50-13-19 to the contrary, initial judicial review of a final decision of the board shall be available solely in the superior court of the county of domicile of the board. History. — Code 1981, § 43-39A-15, enacted by Ga. L. 1990, p. 1701, § 1; Ga. L. 1992, p. 1402, § 1; Ga. L. 2000, p. 1527, § 8; Ga. L. 2003, p. 370, § 4. 43-39A-16. Notification by appraiser of change of address; professional corporations.