Oklahoma Code § 59-858-830

Title 59. Professions And Occupations: Report to Real Estate Appraiser Board required for
Open in Lexace · Ask the AI about this section
federally regulated AMC.
A.  A federally-regulated appraisal management company (AMC)
operating in Oklahoma must report to the Real Estate Appraiser Board
the information required to be submitted by the Real Estate
Appraiser Board to the Appraisal Subcommittee of the Federal
Financial Examinations Council (ASC), pursuant to the ASC's policies
regarding the determination of the AMC National Registry fee,
including, but not limited to, the collection of the information
related to ownership limitations.
B.  As a state electing to register AMCs for purposes of
permitting AMCs to provide appraisal management services relating to
covered transactions in Oklahoma, the Real Estate Appraiser Board
shall submit to the ASC the information required to be submitted by
ASC regulations or guidance concerning AMCs that operate in
Oklahoma.
C.  If the National Registry fee is received by the Real Estate
Appraiser Board from a self-identifying AMC, such funds will be
transmitted by the Real Estate Appraiser Board to the ASC National
Registry.

‹ Prev All Oklahoma sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.