Promulgation of rules regarding companies and services

The secretary of the Department of Labor and Regulation may promulgate rules pursuant to chapter 1-26 relating to appraisal management companies and appraisal management services in the following areas: (1) Registration of appraisal management companies; (2) Definition of terms; (3) Responsibilities and duties; (4) Application for and issuance of certificate of registration; (5) Renewal and late renewal procedures; (6) Contracting for investigations; (7) Complaints and grounds for disciplinary actions, including denial, revocation, suspension, censure, and reprimand; (8) Retention and inspection of records; (9) Roster; (10) Review of appraisal related records; (11) Inspection, examination, and photocopy of records; (12) National registry fee collection and remittance; and (13) Filing of surety bonds or irrevocable letters of credit. Source: SL 2011, ch 184 , § 4; SL 2014, ch 184 , § 4; SL 2021, ch 168 , § 36.