South Carolina § 40-60-37 Reciprocal applications from appraisers from other jurisdictions; consent of nonresident appraiser to South Carolina court jurisdiction.

South Carolina Statutes

§ 40-60-37 — Reciprocal applications from appraisers from other jurisdictions; consent of nonresident appraiser to South Carolina court jurisdiction.

South Carolina·Title 40 PROFESSIONS AND OCCUPATIONS·Ch. 60 REAL ESTATE APPRAISERS AND APPRAISAL MANAGEMENT COMPANIES

(A)The board must grant a reciprocal credential to an appraiser credentialed in another jurisdiction if:

(1)the appraiser holds a valid credential to value real property that is in good standing in at least one other jurisdiction; and (2) the requirements to obtain a credential to value real property in the jurisdiction in which the appraiser is credentialed have been found by the appraisal subcommittee to conform to the qualification criteria of the Appraiser Qualifications Board.

(B)A nonresident applicant shall file an irrevocable consent that suits and actions may be commenced against the applicant in the proper court in a judicial circuit of the State in which a cause of action may arise or in which the plaintiff may reside by the service of process or pleading, authorized by the l

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(A) The board must grant a reciprocal credential to an appraiser credentialed in another jurisdiction if: (1) the appraiser holds a valid credential to value real property that is in good standing in at least one other jurisdiction; and (2) the requirements to obtain a credential to value real property in the jurisdiction in which the appraiser is credentialed have been found by the appraisal subcommittee to conform to the qualification criteria of the Appraiser Qualifications Board. (B) A nonresident applicant shall file an irrevocable consent that suits and actions may be commenced against the applicant in the proper court in a judicial circuit of the State in which a cause of action may arise or in which the plaintiff may reside by the service of process or pleading, authorized by the laws of the State, on the Director of the Department of Labor, Licensing and Regulation. The consent must stipulate that the service of process or pleading must be taken and held in all courts to be as valid and binding as if service had been made upon the applicant in South Carolina. If the process or pleadings mentioned in this chapter are served upon the Director of the Department of Labor, Licensing and Regulation, it must be by duplicate copies, one of which must be filed in the office of the board and the other immediately forwarded by the board by registered or certified mail to the applicant against whom the process or pleadings are directed, at the last known address of the applicant as shown by the records of the board.

South Carolina § 40-60-37 (Reciprocal applications from appraisers from other jurisdictions; consent of nonresident appraiser to South Carolina court jurisdiction.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 2006 Act No. 257, SECTION 1; 2014 Act No. 180 (H.4644), SECTION 7, eff May 16, 2014; 2024 Act No. 196 (H.3278), SECTION 9, eff May 21, 2024. Editor's Note Prior Laws:2000 Act No. 335, SECTION 1; 1976 Code SECTION 40-60-120. Effect of Amendment 2014 Act No. 180, SECTION 7, in subsection (A), substituted "accept reciprocal applications from appraisers from other jurisdictions. These applicants may be given" for "enter into reciprocal agreements with appraiser regulatory authorities of other jurisdictions which provide for". 2024 Act No. 196, SECTION 9, rewrote (A).