There is a newer version
of
the New York Laws
2019 New York Laws
EXC - Executive
Article 6-H - Real Estate Appraisal Management Companies
160-HHHH - Owner Requirements.
Universal Citation: NY Exec L § 160-HHHH (2019)
§ 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.
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