South Carolina § 40-60-380 Designation of a controlling person; notification of changes.

South Carolina Statutes

§ 40-60-380 — Designation of a controlling person; notification of changes.

South Carolina § 40-60-380

Title 40PROFESSIONS AND OCCUPATIONS

Ch. 60REAL ESTATE APPRAISERS AND APPRAISAL MANAGEMENT COMPANIES

This text of South Carolina § 40-60-380 (Designation of a controlling person; notification of changes.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 40-60-380 (2026).

Text

(A)An appraisal management company applying to the board for registration in this State shall designate one controlling person who is to be the main contact for all communication between the board and the appraisal management company.

(B)To serve as a controlling person of an appraisal management company, a person shall certify to the board that he has never had a certificate or license issued by the appropriate board of this State or another state refused, denied, canceled, revoked, or surrendered in lieu of revocation.

(C)A registrant shall notify the board within fifteen days of a change in its controlling person or a change in the contact information of the controlling person.

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(A) An appraisal management company applying to the board for registration in this State shall designate one controlling person who is to be the main contact for all communication between the board and the appraisal management company. (B) To serve as a controlling person of an appraisal management company, a person shall certify to the board that he has never had a certificate or license issued by the appropriate board of this State or another state refused, denied, canceled, revoked, or surrendered in lieu of revocation. (C) A registrant shall notify the board within fifteen days of a change in its controlling person or a change in the contact information of the controlling person.

Legislative History

HISTORY: 2017 Act No. 32 (S.279), SECTION 1, eff May 10, 2017. Editor's Note 2017 Act No. 32, SECTION 5, provides as follows: "SECTION 5. This act takes effect upon approval by the Governor. In the event that a registration process is unavailable upon the effective date of this act, an appraisal management company already conducting business in this State may continue to conduct business until one hundred twenty days after a registration process becomes available."