§ 33-39-215 — Adherence to standards

(a) Each appraisal management company shall certify to the
board on an annual basis that:
(i) It has a system in place to review the work of
all independent appraisers who are performing real estate
appraisal services for the appraisal management company on a
periodic basis to verify that the real estate appraisal services
are being conducted in accordance with Uniform Standards of
Professional Appraisal Practice; and
(ii) It requires all appraisers to have required
competency to perform real estate appraisal services as provided
in the applicable edition of the Uniform Standards of
Professional Appraisal Practice for the appraisal being
assigned.