24.207.403 REGULATORY REVIEWS
(1) The board or its designee may request by a random selection of licensed or certified real estate appraisers, complete copies of appraisal reports or appraisal review reports, including complete copies of the work files and any applicable data referenced in the work files for review for compliance with the USPAP as promulgated by the Appraisal Foundation.
(2) All licensed or certified real estate appraisers shall comply with any request by the board or its designee within 20 days. Failure to timely and completely comply with any request constitutes grounds for unprofessional conduct under 37-1-316, MCA.
(3) The board or its designee may request a copy of an appraisal report or appraisal review report, including the complete work file and any applicable data referenced in the work file, from a licensee or applicant in connection with an application, complaint, or investigation. Failure to timely provide a complete record of the documents requested within 20 days constitutes grounds for unprofessional conduct under 37-1-316, MCA.
History: 37-54-105, MCA; IMP, 37-1-136, 37-54-416, MCA; NEW, 2000 MAR p. 956, Eff. 4/14/00; AMD, 2000 MAR p. 3521, Eff. 12/22/00; TRANS, from Commerce, 2001 MAR p. 1331; AMD, 2008 MAR p. 2272, Eff. 10/24/08; AMD, 2014 MAR p. 3064, Eff. 12/25/14.