2014 New Hampshire Revised Statutes
Title XXX - OCCUPATIONS AND PROFESSIONS
Chapter 310-B - STATE LICENSED OR CERTIFIED REAL ESTATE APPRAISERS
Section 310-B:12-h - Appraisal Management Company Appraiser Credentials.

    310-B:12-h Appraisal Management Company Appraiser Credentials. –
    I. An appraisal management company that applies to the board for a registration to do business in this state as an appraisal management company shall not:
       (a) Knowingly employ any individual to perform appraisal services, who has had a license or certificate to act as an appraiser in this state or in any other state, refused, denied, cancelled, surrendered in lieu of revocation, or revoked, unless such license or certificate was subsequently granted or reinstated;
       (b) Knowingly enter into any independent contractor arrangement for the performance of appraisal services, in verbal, written, or other form, with any individual who has had a license or certificate to act as an appraiser in this state or in any other state, refused, denied, cancelled, surrendered in lieu of revocation, or revoked, unless such license or certificate was subsequently granted or reinstated.
    II. Prior to assigning appraisal orders, an appraisal management company shall have a system in place to verify that a person being added to the appraiser panel holds the appropriate appraiser credential in good standing.
    III. Each appraisal management company seeking to be registered in this state shall certify to the board on an annual basis on a form prescribed by the board that the appraisal management company has systems in place to verify that:
       (a) An individual on the appraiser panel has not had a license or certification as an appraiser refused, denied, cancelled, revoked, or surrendered in lieu of a pending revocation in the previous 12 months, unless such license or certificate was subsequently granted or reinstated; and
       (b) Only licensed or certified appraisers are used to complete appraisal assignments in connection with federally related transactions.

Source. 2012, 164:7, eff. Aug. 6, 2012.