New Hampshire § 310-B:12-q Appraisal Management Company Registration;  Regulation

New Hampshire Statutes

§ 310-B:12-q — Appraisal Management Company Registration; Regulation

New Hampshire § 310-B:12-q

Title XXXOCCUPATIONS AND PROFESSIONS

Ch. 310-BSTATE LICENSED OR CERTIFIED REAL ESTATE APPRAISERS

This text of New Hampshire § 310-B:12-q (Appraisal Management Company Registration; Regulation) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 310-B:12-q (2026).

Text

I. As a participating state electing to register AMCs, this state hereby establishes and maintains within the state appraiser certifying and licensing agency a licensing program that is subject to the ownership limitations set forth below and with the legal authority and mechanisms to:

(a)Review and approve or deny an AMC's application for initial registration;

(b)Review and renew or review and deny an AMC's registration periodically;

(c)Examine the books and records of an AMC operating in the state and require the AMC to submit reports, information, and documents;

(d)Verify that the appraisers on the AMC's appraiser panel hold valid state certifications or licenses, as applicable;

(e)Conduct investigations of AMCs to assess potential violations of applicable appraisal-related laws, r

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I. As a participating state electing to register AMCs, this state hereby establishes and maintains within the state appraiser certifying and licensing agency a licensing program that is subject to the ownership limitations set forth below and with the legal authority and mechanisms to:
(a) Review and approve or deny an AMC's application for initial registration;
(b) Review and renew or review and deny an AMC's registration periodically;
(c) Examine the books and records of an AMC operating in the state and require the AMC to submit reports, information, and documents;
(d) Verify that the appraisers on the AMC's appraiser panel hold valid state certifications or licenses, as applicable;
(e) Conduct investigations of AMCs to assess potential violations of applicable appraisal-related laws, regulations, or orders;
(f) Discipline, suspend, terminate, or deny renewal of the registration of an AMC that violates applicable appraisal-related laws, regulations, or orders; and
(g) Report an AMC's violation of applicable appraisal-related laws, regulations, or orders, as well as disciplinary and enforcement actions and other relevant information about an AMC's operations, to the Appraisal Subcommittee.
II. As a participating state electing to register AMCs, this state hereby imposes requirements on AMCs that are not owned and controlled by an insured depository institution and not regulated by a federal financial institutions regulatory agency to:
(a) Register with and be subject to supervision by the state appraiser certifying and licensing agency;
(b) Engage only state-certified or state-licensed appraisers for federally-related transactions in conformity with any federally-related transaction regulations;
(c) Establish and comply with processes and controls reasonably designed to ensure that the AMC, in engaging an appraiser, selects an appraiser who is independent of the transaction and who has the requisite education, expertise, and experience necessary to competently complete the appraisal assignment for the particular market and property type;
(d) Direct the appraiser to perform the assignment in accordance with USPAP; and
(e) Establish and comply with processes and controls reasonably designed to ensure that the AMC conducts its appraisal management services in accordance with the requirements of section 129E(a) through (i) of the Truth in Lending Act, 15 U.S.C. section 1639e(a) through (i), and regulations thereunder.