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)    Complaints and 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; and

(20)    Exemptions and standards allowing appraisers to perform an evaluation for a federally insured depository institution.

Source: 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.