Maine Revised Statutes

§14047. Controlling persons

(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE UNTIL 3/15/18)
(WHOLE SECTION TEXT REPEALED 3/15/18 by T. 32, §14049-K, sub-§1; PL 2017, c. 270, §1 (NEW))
1. Designation of controlling person.   An appraisal management company applying to the board for a license or for renewal of a license shall designate one controlling person that will be the main contact for all communication between the board and the appraisal management company.
[ 2017, c. 270, §1 (NEW) .]
2. Requirements.   A controlling person must:
A. Be actively licensed or certified in at least one state as an appraiser at all times that the person is designated as a controlling person; [2017, c. 270, §1 (NEW).]
B. Have never had a license or certificate to act as an appraiser refused, denied, cancelled, revoked or surrendered in lieu of a pending revocation for substantive cause in any state; [2017, c. 270, §1 (NEW).]
C. Be of good moral character, as determined by the board; and [2017, c. 270, §1 (NEW).]
D. Submit to a background investigation, as required by the board. [2017, c. 270, §1 (NEW).]
[ 2017, c. 270, §1 (NEW) .]
SECTION HISTORY
2017, c. 270, §1 (NEW).