reglab/housing_qa huggingface dataset:
IA Code § 543D.22 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.22 - Criminal background checks.

543D.22 Criminal background checks.   1. The board may require a national criminal history check through the federal bureau of investigation for applicants for certification or registration, or for persons certified or registered, under this chapter if needed for credibility, to comply with federal law or regulation, or the policies of the appraisal qualification board of the appraisal foundation. The board may alternatively require a national criminal history check through the nationwide mortgage licensing system and registry, as defined in section 535D.3, when conducting background investigations under this section, if authorized by applicable federal law or regulation.   2. The board may require applicants, certificate holders, or registrants to provide a full set of fingerprints, in a form and manner prescribed by the board. Such fingerprints, if required, shall be submitted to the federal bureau of investigation through the state criminal history repository for purposes of the national criminal history check.   3. The board may also request and obtain, notwithstanding section 692.2, subsection 5, criminal history data for applicants, certificate holders, and registrants. A request for criminal history data shall be submitted to the department of public safety, division of criminal investigation, pursuant to section 692.2, subsection 1.   4. The board shall inform the applicant, certificate holder, or registrant of the requirement of a national criminal history check or request for criminal history data and obtain a signed waiver from the applicant, certificate holder, or registrant prior to requesting the check or data.   5. The board may, in addition to any other fees, charge and collect such amounts as may be incurred by the board, the department of public safety, or federal bureau of investigation in obtaining criminal history information. Amounts collected shall be considered repayment receipts as defined in section 8.2, subsection 8.   6. Criminal history data and other criminal history information relating to an applicant, certificate holder, or registrant obtained by the board pursuant to this section is confidential. Such information may, however, be used by the board in a certificate or registration denial or disciplinary proceeding.  2013 Acts, ch 5, §28; 2016 Acts, ch 1124, §27, 32
IA Code § 543D.23 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS|Section 543D.23 - Superintendent supervision and authority.

543D.23 Superintendent supervision and authority.   1. The superintendent shall supervise the board and manage the board’s budget and retained fees. The superintendent may exercise all authority conferred upon the board under this chapter and shall have access to all records and information to which the board has access. In supervising the board, the superintendent shall independently evaluate the substantive merits of actions recommended or proposed by the board which may be anticompetitive and shall have the authority to review, approve, modify, or reject all board actions including but not limited to those taken in connection with any of the following:   a. Initial or reciprocal certification of real estate appraisers, registration of associate real estate appraisers, and temporary practice permits.   b. Disciplinary investigations and proceedings.   c. Investigations and proceedings under section 543D.21.   d. Rulemaking, including orders on petitions for rulemaking.   e. Orders on petitions for declaratory orders or waivers or variances.   2. A person aggrieved by any final action of the board taken under this chapter shall not have exhausted administrative remedies until the person has appealed the action to the superintendent and the superintendent has issued a final decision or order.   3. The superintendent shall adopt rules to implement this section.  2016 Acts, ch 1124, §28, 32  Referred to in §543D.5
IA Code § 543E.1 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.1 - Short title.

543E.1 Short title.   This chapter shall be known and may be cited as the “Iowa Appraisal Management Company Registration and Supervision Act”.  2016 Acts, ch 1124, §1, 32
IA Code § 543E.2 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.2 - Purpose and scope.

543E.2 Purpose and scope.   The purpose of this chapter is to protect the independence and integrity of the appraisal process when an appraisal is provided through an appraisal management company in connection with a consumer credit transaction secured by the principal dwelling of an Iowa consumer or securitization of such a transaction.  2016 Acts, ch 1124, §2, 32
IA Code § 543E.4 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.4 - Registration required.

543E.4 Registration required.   A person shall not directly or indirectly engage in or attempt to engage in business as an appraisal management company or advertise or hold itself out as engaging in or conducting business as an appraisal management company in this state without first registering with the administrator.  2016 Acts, ch 1124, §4, 32  Referred to in §543E.18
IA Code § 543E.5 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.5 - Exemptions.

543E.5 Exemptions.   This chapter shall not apply to any of the following:   1. A person that exclusively employs appraisers on an employer and employee basis for the performance of appraisals.   2. A government body, as defined in section 22.1, subsection 1, that performs appraisals or retains appraisers on behalf of the government body.   3. A federally regulated appraisal management company.   4. A department or division of an entity that provides appraisal management services only to that entity.  2016 Acts, ch 1124, §5, 32
IA Code § 543E.6 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.6 - Ownership — restrictions and requirements.

543E.6 Ownership — restrictions and requirements.   1. An appraisal management company registered or applying for registration in this state shall not be directly or indirectly owned in whole or in part by a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in any state for a substantive reason. An appraisal management company may be directly or indirectly owned in whole or in part by a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in a state for a nonsubstantive reason if the license or certificate was subsequently granted or reinstated.   2. A person who directly or indirectly owns more than ten percent of an appraisal management company in this state shall be of good moral character, as prescribed by rules adopted by the administrator consistent with applicable federal law and regulations, and shall submit to a background investigation, as prescribed by rules adopted by the administrator consistent with applicable federal law and regulations.  2016 Acts, ch 1124, §6, 32  Referred to in §543E.8, 543E.20
IA Code § 543E.7 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.7 - Designation of controlling person.

543E.7 Designation of controlling person.   1. An appraisal management company registered or applying for registration in this state shall designate a controlling person who shall be the main contact for all communications between the administrator and the appraisal management company, and who shall be responsible for assuring the appraisal management company complies with the provisions of this chapter when performing appraisal management services in connection with real estate located in this state.   2. The designated controlling person shall not have had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in any state for a substantive reason. A designated controlling person may have had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in a state for a nonsubstantive reason if the license or certificate was subsequently granted or reinstated.   3. The designated controlling person shall be of good moral character, as prescribed by rules adopted by the administrator consistent with applicable federal law and regulations, and shall submit to a background investigation, as prescribed by rules adopted by the administrator consistent with applicable federal law and regulations.  2016 Acts, ch 1124, §7, 32  Referred to in §543E.8, 543E.20
IA Code § 543E.8 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.8 - Registration — application requirements.

543E.8 Registration — application requirements.   1. An application for registration as an appraisal management company shall be submitted on a form prescribed by the administrator.   2. An application shall at a minimum include the following:   a. The name, form of business entity, contact information, and official domicile of the applicant.   b. The names and contact information for all persons who directly or indirectly own more than ten percent of the applicant and for the controlling person designated pursuant to section 543E.7, and such additional information the administrator may need to enforce section 543E.6, subsection 1.   c. Information as reasonably necessary to establish the size of the applicant’s nationwide and Iowa appraiser panels, in accordance with rules adopted by the administrator.   d. Certification that the applicant does all of the following:   (1) Verifies that appraisers who will perform appraisal assignments concerning real estate located in this state hold a valid, unexpired certificate in good standing as a real estate appraiser issued under chapter 543D.   (2) Requires that appraisals provided or coordinated by the applicant comply with the uniform standards of professional appraisal practice and has a system in place to monitor such compliance.   (3) Maintains a system to assure that appraisal management services are performed independently and free from inappropriate influence and coercion pursuant to the appraisal independence standards established under section 129E of the federal Truth in Lending Act, including the requirements for the payment of reasonable and customary fees, and pursuant to section 543D.18, subsections 1 and 2, and section 543D.18A.   (4) Maintains a system to retain detailed records of all appraisal management services to be performed in this state.   (5) Maintains a system to assure that the appraiser selected for an appraisal assignment is independent of the transaction and has the requisite education, expertise, and experience necessary to competently complete the appraisal assignment for the particular market and property type.   e. If the applicant is not domiciled in this state, the name and contact information for the applicant’s agent for service of process in this state and consent to service of process upon the secretary of state in any action or proceeding against the applicant arising out of a transaction or operation connected with or incidental to services performed by the applicant as a registered appraisal management company in this state or involving real property located in this state.   f. Any additional information that is reasonably needed for the administrator to implement the provisions of this chapter and assure that the applicant is eligible for registration under this chapter.  2016 Acts, ch 1124, §8, 32  Referred to in §543E.9
IA Code § 543E.9 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.9 - Registration renewal.

543E.9 Registration renewal.   1. A registration issued under this chapter shall be valid for one year as provided by rule.   2. An application to renew registration shall be submitted in the form and in the manner prescribed by the administrator. The administrator may further require periodic disclosures of changes impacting registration, such as a change in ownership or the designated controlling person.   3. An application to renew registration shall contain the information described in section 543E.8, subsection 2.   4. A registration issued under this chapter shall lapse if not timely renewed, in accordance with rules adopted by the administrator.   5. A person holding a lapsed registration shall not directly or indirectly engage in or attempt to engage in business as an appraisal management company or advertise or hold itself out as engaging in or conducting business as an appraisal management company in this state until the registration has been reinstated under the process prescribed by the administrator by rule.  2016 Acts, ch 1124, §9, 32
IA Code § 543E.10 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.10 - Fees.

543E.10 Fees.   1. The administrator shall by rule establish fees for registration, renewal, reinstatement, and such additional fees as are reasonably necessary for the administration of this chapter. The fees shall be established in consideration of the costs of administering this chapter and the actual cost of the specific service to be provided or performed. The administrator shall periodically review and adjust the schedule of fees as needed to cover projected expenses.   2. Except as provided in subsection 3, all fees collected under this chapter shall be deposited into the department of commerce revolving fund created in section 546.12 and are appropriated to the administrator to be used to administer this chapter including but not limited to purposes such as examinations, investigations, and administrative staffing. Notwithstanding section 8.33, moneys appropriated pursuant to this subsection are not subject to reversion to the general fund of the state.   3. The administrator shall also collect the appraisal management company national registry fee from each appraisal management company seeking to register in this state and from federally regulated appraisal management companies operating in this state. The administrator shall transfer all appraisal management company national registry fees collected by the administrator to the appraisal subcommittee.  2016 Acts, ch 1124, §10, 32
IA Code § 543E.11 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.11 - Appraiser, appraisal review, and employee restrictions.

543E.11 Appraiser, appraisal review, and employee restrictions.   1. The following individuals shall not have had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in any state for a substantive reason, but may have had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of revocation in a state for a nonsubstantive reason if the license or certificate was subsequently granted or reinstated:   a. An appraiser in an appraisal management company’s appraiser panel who performs or may perform appraisals of real estate located in this state.   b. An employee, independent contractor, or other agent of an appraisal management company who performs an appraisal review of an appraisal of real estate located in this state.   c. An employee, independent contractor, or other agent of an appraisal management company who, with respect to real estate located in this state, has any responsibility for assigning appraisers to specific appraisal assignments, providing quality control for appraisal reports, or communicating with appraisers regarding potential appraisal report deficiencies.   2. An appraiser who on behalf of an appraisal management company performs an appraisal review of an appraisal of a dwelling located in this state shall comply with the review provisions of the uniform standards of professional appraisal practice, and shall be certified as an appraiser under the laws of any state, except that a review appraiser shall be certified under chapter 543D if such certification is required by any applicable state or federal law, rule, or regulation, or to the extent the review appraiser provides the review appraiser’s own opinion of value, concurs with the original appraiser’s opinion of value, or disagrees with the original appraiser’s opinion of value.   3. An appraisal management company may rely on the national registry of appraisers of the appraisal subcommittee for purposes of verifying compliance with this section.  2016 Acts, ch 1124, §11, 32
IA Code § 543E.12 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.12 - Adherence to standards — mandatory reporting.

543E.12 Adherence to standards — mandatory reporting.   1. An appraisal management company shall direct all appraisers it requests to perform appraisal assignments involving real estate located in this state to comply with the uniform standards of professional appraisal practice, including the competency rule.   2. An appraisal management company shall have an appraisal review system in place to monitor compliance with subsection 1.   3. An appraisal management company that has a reasonable basis to believe an appraiser has materially failed to comply with the uniform standards of professional appraisal practice or has otherwise materially violated chapter 543D or this chapter shall refer the matter to the administrator in conformance with applicable federal law and regulations. An appraisal management company that has a reasonable basis to believe another appraisal management company is failing to comply with the provisions of this chapter shall refer the matter to the administrator in conformance with section 272C.9, subsection 2.   4. An appraiser who is employed by or is on the appraiser panel of an appraisal management company registered under this chapter who has a reasonable basis to believe the appraisal management company is in violation of this chapter shall refer the matter to the administrator.  2016 Acts, ch 1124, §12, 32
IA Code § 543E.13 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.13 - Recordkeeping — payment.

543E.13 Recordkeeping — payment.   1. An appraisal management company shall maintain a detailed record of each service request the appraisal management company receives involving real estate located in this state and the identity of the appraiser who performs the appraisal assignment. All such records shall be maintained for at least five years after the request is sent by the appraisal management company to the appraiser or the completion of the appraisal report, whichever period expires later. An appraisal management company shall maintain such additional records regarding appraisal management services performed in this state as the administrator may specify by rule.   2. An appraisal management company shall, except in the case of breach of contract or substandard performance of an appraisal service, make payment to an appraiser for the completion of an appraisal service within forty-five days of the date on which the appraiser transmits or otherwise provides the results of the completed appraisal service to the appraisal management company. An appraisal management company shall maintain detailed records to verify that all payments to appraisers have been made in compliance with this section. All such records shall be maintained for at least five years after payment is made or the completion of the appraisal service, whichever is later.  2016 Acts, ch 1124, §13, 32
IA Code § 543E.14 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.14 - Appraiser independence — compensation.

543E.14 Appraiser independence — compensation.   1. An appraisal management company registered under this chapter shall take all reasonable steps to assure that appraisals are conducted independently and free from inappropriate influence or coercion pursuant to the appraisal independence standards established under section 129E of the federal Truth in Lending Act, including the requirements for the payment of reasonable and customary fees, and in compliance with the independence, objectivity, and impartiality provisions of section 543D.18, subsections 1 and 2, and section 543D.18A.   2. An appraisal management company shall compensate appraisers at a rate that is reasonable and customary for appraisal services being performed in the market area of the property being appraised in accordance with federal law.  2016 Acts, ch 1124, §14, 32  Referred to in §543E.15
IA Code § 543E.16 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 543E - REAL ESTATE APPRAISAL MANAGEMENT COMPANIES|Section 543E.16 - Display of registration number.

543E.16 Display of registration number.   An appraisal management company registered under this chapter shall be issued a unique registration number and shall include its registration number in any record, such as an engagement letter, order, or agreement, in which the appraisal management company contracts with an appraiser to perform an appraisal assignment involving real estate located in this state.  2016 Acts, ch 1124, §16, 32