§ 36-21B-3 — Promulgation of rules.

The secretary of the Department of Labor and Regulation may promulgate rules pursuant to chapter 1-26 relating to appraisers and appraisals in the following areas: (1) Certification, licensing, and registration of appraisers; (2) Definition of terms; (3) Uniform standards of professional appraisal practice; (4) Application for and issuance of certificates; (5) Examinations and examination procedures; (6) Pre-certification education criteria and continuing education; (7) Qualifications for and upgrading of a certificate; (8) Transactions requiring certified, licensed, or registered appraisers; (9) Renewal and late renewal procedures; (10) Certificate by reciprocity; (11) Temporary practice and permits; (12) Grounds for disciplinary actions including denial, revocation, suspension, censure, and reprimand; (13) Conflict of interest and investigation; (14) Advertising by certified, licensed, or registered appraisers; (15) Retention and inspection of records, and rosters of appraisers; (16) Appraiser membership, competency, and independence; (17) Review of appraisals and contracting for investigations; (18) Inspection, examination, and photocopy of appraisal records for audit purposes; (19) Inactive status; (20) Exemptions and standards allowing appraisers to perform an evaluation for a federally insured depository institution; (21) An appraiser experience training program under which licensees may obtain requisite experience hours; and (22) Fees for participation in the appraiser experience training program.

Legislative History

SL 1993, ch 293, § 2; SL 1995, ch 223, § 3; § 36-21A-117; SL 2004, ch 17, § 237; SL 2011, ch 1 (Ex. Ord. 11-1), § 162, eff. Apr. 12, 2011; SL 2020, ch 164, § 3; SL 2021, ch 168, § 34; SL 2021, ch 180, § 1.