Section 47-14-9 - Owner requirements. - New Mexico Statutes

47-14-9. Owner requirements.

A.     An appraisal management company applying for registration may not be owned by a person or have any principal of the company who has had a license or certificate to act as an appraiser refused, denied, canceled or revoked in this state or in any other state.

B.     Each person that owns, is an officer of or has a financial interest in an appraisal management company in this state shall: 

(1)     be of good moral character, as determined by the board; 

(2)     submit to a background investigation, as determined by the board; and

(3)     certify to the board that the person has never had a license to act as an appraiser refused, denied, canceled or revoked in this state or in any other state.