308-409-055  <<  308-409-060 >>   308-409-070

WAC 308-409-060

Additional required records.

(1) An appraisal management company having been issued a license shall comply with the following:
(a)Shall maintain with the department the name and address of the designated controlling person for service of process and shall furnish in writing to the department any changes to the information on file within fourteen business days.
(b)An appraisal management company shall maintain a complete record of all requests for appraisal services referred to state licensed and certified appraisers as well as payments and dates of payments made to the appraisers and shall make such information available to the department upon written request. An appraisal management company's statement of recordkeeping certification upon registration with the division and biennially thereafter shall be signed by its designated controlling person and shall describe its system for maintaining a record of:
(i) The name of the appraiser who accepts each assignment and signs the corresponding appraisal report; or
(ii) If an assignment is accepted by an appraisal company, the name of the appraisal company that accepts the assignment.
(2) The appraisal management company shall make available to the department any and all records that are required to be maintained under RCW 18.310.130 and this section or records relevant to compliance with this chapter and other relevant statutes.
(3)At any time a document filed with the department becomes inaccurate, the appraisal management company shall promptly file with the department an amendment correcting that information within twenty-one business days.
(4)An appraisal management company shall, at all times, maintain a current list of its appraisal panel and shall provide a copy of that list to the department upon written request.
[Statutory Authority: RCW 18.310.020(1). WSR 11-24-067, ยง 308-409-060, filed 12/6/11, effective 1/6/12.]
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