N.Y. Executive Law 160-HHHH – Owner requirements
Current as of: 2024 | Check for updates
|
Other versions
§ 160-hhhh. Owner requirements. An appraisal management company applying for a certificate of registration shall not be owned in whole or in part, directly or indirectly, by a person who has had a license, registration or certificate to act as a real estate appraiser denied, revoked, or surrendered in lieu of pending discipline in any state or by a person holding ten percent or more of the company where that person has had a license, registration or certificate to act as a real estate appraiser denied, revoked, or surrendered in lieu of possible discipline in any state.
Terms Used In N.Y. Executive Law 160-HHHH
- Appraisal: A determination of property value.
- Appraiser: means a person licensed or certified pursuant to article six-E of this chapter. See N.Y. Executive Law 160-AAAA
- Person: means an individual, partnership, corporation, or any other entity recognized under New York state law. See N.Y. Executive Law 160-AAAA
- Real estate: means an identified parcel or tract of land, including improvements, if any. See N.Y. Executive Law 160-AAAA