Montana § 37-54-503 Owner Requirements

Montana Statutes

§ 37-54-503 — Owner Requirements

Montana § 37-54-503

Title 37PROFESSIONS AND OCCUPATIONS

Ch. 54REAL ESTATE APPRAISERS

Part 5Appraisal Management Companies

This text of Montana § 37-54-503 (Owner Requirements) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 37-54-503 (2026).

Text

37-54-503 . Owner requirements.

(1)An appraisal management company applying for registration in this state may not be owned by:

(a)a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked for substantive cause, or surrendered in lieu of a pending revocation in any state; or

(b)another entity that is owned by a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked for substantive cause, or surrendered in lieu of a pending revocation in any state.

(2)Each person who owns an appraisal management company in this state:

(a)must be of good moral character, as determined by the board; and

(b)shall submit to a background examination as determined by the board.

(3)Each appraisal management company

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37-54-503 . Owner requirements. (1) An appraisal management company applying for registration in this state may not be owned by:
(a) a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked for substantive cause, or surrendered in lieu of a pending revocation in any state; or
(b) another entity that is owned by a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked for substantive cause, or surrendered in lieu of a pending revocation in any state.
(2) Each person who owns an appraisal management company in this state:
(a) must be of good moral character, as determined by the board; and
(b) shall submit to a background examination as determined by the board.
(3) Each appraisal management company applying for registration in this state shall certify to the board that the appraisal management company has reviewed each person or entity that directly or indirectly owns the appraisal management company, in whole or in part, and that no person or entity that directly or indirectly owns the appraisal management company, in whole or in part, has had a license, a certificate, or registration to act as an appraiser or appraisal management company refused, denied, canceled, revoked, or surrendered in lieu of a pending revocation in any state.