Michigan Laws 339.2669 – Licensure; issuance; prohibitions; certificate; term; expiration
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 339.2669
- Appraisal: A determination of property value.
- Appraisal: means that term as defined in section 2601. See Michigan Laws 339.2661
- Appraisal management company: means a person that provides appraisal management services. See Michigan Laws 339.2661
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
(1) The department shall not issue a license under this article to a person applying for licensure as an appraisal management company if the person does not meet the requirements of section 2665 and 2667.
(2) If the department issues a license as an appraisal management company under this article, the department shall provide the licensee a license certificate.
(3) The term of a license under this article is 3 years. The department may grant a shorter term for an initial license under this article so that all licenses issued under this article expire on the same date. The department shall include the expiration date of an appraisal management company‘s license on its license certificate.