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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) An appraisal management company shall have a designated controlling person who will ensure compliance with this article and will be the main contact for all communication between the board and the appraisal management company.
(b) The controlling person shall:
(1) Be of good character and reputation;
(2) Submit to national and state criminal background checks as set out in section eight of this article;
(3) Never have had a license or certificate to act as an appraiser refused, denied, canceled, revoked or surrendered in this state or any other jurisdiction and not subsequently granted or reinstated;
(4) Never have been a part of a firm that was permanently or temporarily enjoined by a court of competent jurisdiction from engaging in or continuing any conduct or practice involving appraisals, appraisal management services or operating an appraisal management company; and
(5) Never have been the subject of an order of the board or any other jurisdiction's appraisal management company regulatory agency that denied or revoked the applicant's or firm's privilege to operate as an appraisal management company.
Cite this article: FindLaw.com - West Virginia Code Chapter 30. Professions and Occupations § 30-38A-11. Controlling person requirements - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-30-professions-and-occupations/wv-code-sect-30-38a-11/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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