reglab/housing_qa huggingface dataset:
TN Code § 62-39-332 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 3 - Licensing, Certification and Examination|§ 62-39-332. Records Retention

  A state licensed or certified real estate appraiser shall retain the following records for five (5) years or for at least two (2) years after the disposition of any civil, criminal or administrative proceeding in which testimony was given about an appraisal assignment or appraisal report, whichever period expires last:  Originals and true copies of all engagement letters and written contracts engaging the appraiser's services for real property appraisal work; and   All reports and support data assembled and formulated by the appraiser in preparing the report.     The five-year period for the retention of records shall commence on the date that the appraiser submits the appraisal to the client.   All records required to be maintained under this chapter shall be made available by the state licensed or certified real estate appraiser for inspection and copying by the commission on reasonable notice to the appraiser.
TN Code § 62-39-333 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 3 - Licensing, Certification and Examination|§ 62-39-333. Commission — Authority to Promulgate Rules and Regulations

  The commission shall have the authority to promulgate rules and regulations pursuant to the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, as may be necessary to ensure compliance with the Financial Institutions Reform, Recovery and Enforcement Act of 1989, and other federal law that may be applicable.   It is the intent of this chapter to enact policies, practices and procedures consistent with Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989. Under federal law, this chapter is subject to judicial review and review by the appraisal subcommittee of the federal financial institutions examination council. If any provision of this chapter or its application to any person or in any circumstance is declared by the appraisal subcommittee and a court of competent jurisdiction to be invalid or unenforceable, provisions constituting the remainder of the chapter and the application of those provisions to other persons and in other circumstances shall not be affected.
TN Code § 62-39-334 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 3 - Licensing, Certification and Examination|§ 62-39-334. Court Testimony — Receipt of Fee

 This chapter shall not act or be construed to prohibit a real estate broker licensed under chapter 13 of this title from testifying as to the value of property in court cases as an expert witness and receiving a fee for the testimony subject to review by the court.
TN Code § 62-39-335 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 3 - Licensing, Certification and Examination|§ 62-39-335. Minimum Requirements

 It is the legislative intent that this chapter shall not require an applicant to have more than the minimum hourly requirements of education and experience in order to qualify for full licensure or certification. The minimum requirements are those requirements set forth by the appraisal foundation. The Tennessee real estate appraisal commission has the authority to adjust hourly education and experience requirements in order to meet the minimum federal standards.
TN Code § 62-39-336 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 3 - Licensing, Certification and Examination|§ 62-39-336. Temporary Practice Permits — Administrative Action — Consent to Suit

  The commission may issue a temporary practice permit to a nonresident of this state who is properly licensed or certified in another state. The holder of a valid temporary practice permit shall be authorized to perform appraisals in this state subject to the requirements of this chapter and the rules promulgated by the commission.   The commission shall have the authority to promulgate rules and regulations governing temporary practice, pursuant to the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, as may be necessary to ensure compliance with the Financial Institutions Reform, Recovery and Enforcement Act of 1989 and other federal law that may be applicable. The commission may also adopt emergency rules as determined to be necessary to effectuate this section, in accordance with the Uniform Administrative Procedures Act.   Under no circumstances, other than as stated in this chapter, shall an appraiser who is not licensed or certified in this state be authorized to perform appraisals in this state.   Every applicant for a temporary practice permit shall file with the commission, on a form approved by the commission, an irrevocable consent that legal actions may be properly commenced against the applicant in this state. The consent shall be duly notarized and, if made by a corporation, shall be authenticated by its seal.
TN Code § 62-39-401 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-401. Short Title

 This part shall be known and may be cited as the “Tennessee Appraisal Management Company Registration and Regulation Act.”
TN Code § 62-39-403 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-403. Registration Requirement

  No person shall directly or indirectly engage or attempt to engage in business as an appraisal management company, to directly or indirectly engage or attempt to perform appraisal management services, or to advertise or hold itself out as engaging in or conducting business as an appraisal management company without first obtaining a registration issued by the commission under this part.   The registration required by subsection (a) shall, at a minimum, include the following:  Name of the entity seeking registration;   Business address of the entity seeking registration which must be located and maintained within this state;   Phone contact information of the entity seeking registration;   If the entity is not a corporation that is domiciled in this state, the name and contact information for the company's agent for service of process in this state;   The name, address, and contact information for any individual or any corporation, partnership, or other business entity that owns ten percent (10%) or more of the appraisal management company;   The name, address, and contact information for a designated controlling person to be the primary communication source for the commission;   A certification that the entity has a system and process in place to verify that a person being added to the appraiser panel of the appraisal management company for appraisal services to be performed in Tennessee holds a license or certification in good standing in Tennessee pursuant to part 3 of this chapter, if a license or certification is required to perform appraisals, pursuant to § 62-39-415;   A certification that the entity has a system in place to review the work of all appraisers who are performing real estate appraisal services in Tennessee for the appraisal management company on a periodic basis to validate that the real estate appraisal services are being conducted in accordance with USPAP, pursuant to § 62-39-416;   A certification that the entity maintains a detailed record of each service request that it receives for appraisal services within this state and the appraiser who performs the real estate appraisal services for the appraisal management company, pursuant to § 62-39-417;   An irrevocable uniform consent to service of process, pursuant to § 62-39-407; and   Any other reasonable information required by the commission to complete the registration process.
TN Code § 62-39-404 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-404. Applicability

 This part shall not apply to:   A national or state bank or federal or state savings institution that is subject to direct regulation or supervision by an agency of the United States government, or by the department of financial institutions, that receives a request for the performance of an appraisal from one (1) employee of the financial institution, and another employee of the same financial institution assigns the request for the appraisal to an appraiser who is an independent contractor to the institution. An entity exempt as provided in this subdivision (1) shall file a notice with the commission that contains the information required in § 62-39-403;   An appraiser that enters into an agreement, whether written or otherwise, with an appraiser for the performance of an appraisal, and upon the completion of the appraisal, the report of the appraiser performing the appraisal is signed by both the appraiser who completed the appraisal and the appraiser who requested the completion of the appraisal;   Any state agency or local municipality that orders appraisals for ad valorem tax purposes or any other business on behalf of this state;   Any person licensed to practice law in this state, a court-appointed personal representative, or a trustee who orders an appraisal in connection with a bona fide client relationship when such person directly contracts with an independent appraiser;   A certified public accountant or CPA firm regulated under chapter 1, part 1 of this title; or    A federally regulated AMC;   Notwithstanding subdivision (6)(A), any federally regulated AMC operating in this state shall report to the commission the information required to be submitted by the commission to the appraisal subcommittee pursuant to the appraisal subcommittee's policies regarding the determination of the AMC National Registry fee, including, but not limited to, the collection of information related to the limitations set forth in 12 C.F.R. 34.215, as applicable.
TN Code § 62-39-405 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-405. Application for Registration

 An applicant for a registration as an appraisal management company shall submit to the commission an application containing information required in § 62-39-403(b) on a form prescribed by the commission.
TN Code § 62-39-406 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-406. Length of Validity of Registration

 Registration shall be valid for two (2) years from its issuance.
TN Code § 62-39-407 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-407. Completion of Irrevocable Uniform Consent to Service of Process

 Each entity applying for a registration as an appraisal management company in Tennessee shall complete an irrevocable uniform consent to service of process, as prescribed by the commission.
TN Code § 62-39-408 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-408. Registration Fees — Surety Bond

  The commission shall establish by rule and regulation the fee to be paid by each appraisal management company seeking registration under this part, such that the sum of the fees paid by all appraisal management companies seeking registration under this section shall be sufficient for the administration of this part. The commission shall charge and collect fees to be utilized to fund activities that may be necessary to carry out this chapter.   Each applicant for registration shall post with the commission and maintain on renewal a surety bond in the amount of twenty thousand dollars ($20,000). The details of the bond shall be prescribed by rule and regulation of the commission, however, the bond may not be used to assist appraisers in collection efforts of credit extended by the appraiser.
TN Code § 62-39-409 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-409. Appraisal Management Company Ownership Restrictions

   An appraisal management company applying for a registration in this state shall not be owned, in whole or in part, directly or indirectly, by:  Any 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 cause, as determined by the commission; or   An entity that is more than ten percent (10%) owned by any 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 cause, as determined by the commission.     Each person who owns more than ten percent (10%) of an appraisal management company in this state shall:  Be of good moral character, as determined by the commission; and   Submit to a background investigation, as may be required by the commission.     The commission may, in its discretion, issue a registration to an appraisal management company that is ineligible under subdivision (a)(1), but is otherwise qualified, if the license or certificate of the appraiser with an ownership interest in the appraisal management company or the owning entity was not revoked for a substantive cause, as determined by the commission, and has been reinstated by the state or states in which the appraiser was licensed or certified.     Each appraisal management company applying for registration shall certify to the commission that it has reviewed each person with an ownership interest in the appraisal management company and that no person with an ownership interest in the appraisal management company has had an appraiser license or certificate to act as an appraiser refused, denied, cancelled, revoked, or surrendered in lieu of a pending revocation.   Each appraisal management company shall notify the commission within thirty (30) days of a change in its controlling principal, agent of record, or ownership composition.
TN Code § 62-39-410 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-410. Designated Controlling Person

  Each appraisal management company applying to the commission for a registration in this state shall designate one (1) controlling person who will be the main contact for all communication between the commission and the appraisal management company.   The designated controlling person pursuant to subsection (a) shall:  Have never had a license or certificate to act as an appraiser refused, denied, canceled, revoked, or surrendered in lieu of a pending revocation in any state;   Be of good moral character, as determined by the commission; and   Submit to a background investigation, as determined by the commission.
TN Code § 62-39-411 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-411. Appraisal Management Company Restrictions

 An appraisal management company that applies to the commission for registration to do business in this state as an appraisal management company or a financial institution qualified under § 62-39-404(1) shall not:   Employ any person directly involved in appraisal management services who has had a license or certificate to act as an appraiser in Tennessee or in any other state, refused, denied, cancelled, revoked, or surrendered in lieu of a pending revocation;   Knowingly enter into any independent contractor arrangement, whether in verbal, written, or other form, with any person who has had a license or certificate to act as an appraiser in Tennessee or in any other state, refused, denied, cancelled, revoked, or surrendered in lieu of a pending revocation;   Knowingly enter into any contract, agreement, or other business relationship directly involved with the performance of real estate appraisal or appraisal management services, whether in verbal, written, or any other form, with any entity that employs, has entered into an independent contract arrangement, or has entered into any contract, agreement, or other business relationship, whether in verbal, written, or any other form, with any person who has ever had a license or certificate to act as an appraiser in Tennessee or in any other state, refused, denied, cancelled, revoked, or surrendered in lieu of a pending revocation.
TN Code § 62-39-412 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-412. Assignments — Disclosures

  Prior to placing an assignment, for real estate appraisal services within this state, with an appraiser on the appraiser panel of an appraisal management company, the appraisal management company shall have a system in place to verify that the appraiser receiving the assignment holds a credential in good standing in this state. Letters of engagement shall include instructions to the appraiser to decline the assignment in the event the appraiser is not geographically competent or the assignment falls outside the appraiser's scope of practice restrictions.   Each appraisal management company shall, at the request of the commission, provide the names of all persons on the AMC's appraisal panel and a list of all state appraisal licenses or certifications each appraiser on the panel holds, including the state of issuance, expiration date, and number of each certification or license, which the commission may verify.
TN Code § 62-39-413 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-413. License Requirement for Employees and Independent Contractors — Declining Letters of Engagement

 Any employee or independent contractor of the appraisal management company who performs an appraisal review service on an appraisal done on real property located within Tennessee must be an individual who holds a license as defined in § 62-39-102 or certification as defined in § 62-39-102. Letters of engagement shall include instructions to the appraiser to decline the appraisal review assignment in the event the appraiser is not geographically competent or the assignment falls outside the appraiser's scope of practice restrictions.
TN Code § 62-39-414 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-414. Biennial Certification of System and Process of Verification of Licensure of Individual Being Added to Appraiser Panel

 Each appraisal management company seeking to be registered shall certify to the commission on a biennial basis on a form prescribed by the commission that the appraisal management company has a system and process in place to verify that an individual being added to the appraiser panel for appraisal services within Tennessee of the appraisal management company holds a license in good standing in this state pursuant to this chapter.
TN Code § 62-39-415 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-415. Biennial Certification of System and Process of Verification of Licensure of Individual to Whom Appraisal Management Company Is Making Assignments

 Each appraisal management company seeking to be registered shall certify to the commission on a biennial basis on a form prescribed by the commission that the appraisal management company has a system in place to verify that an individual to whom the appraisal management company is making assignments for the completion of appraisals has not had a license or certification as an appraiser refused, denied, cancelled, revoked, or surrendered in lieu of a pending revocation on a regular basis.
TN Code § 62-39-416 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-416. Biennial Certification of System for Periodic Appraisal Review

 Each registered appraisal management company shall certify to the commission on a biennial basis that it has a system in place to perform an appraisal review on a periodic basis of the work of all appraisers who are performing appraisals in Tennessee for the appraisal management company to validate that the appraisals are being conducted in accordance with USPAP. An AMC shall report to the commission the results of any appraisal reviews in which an appraisal is found to be substantially noncompliant with USPAP, state laws or federal laws pertaining to appraisals.
TN Code § 62-39-417 (2021)
2021 Tennessee Code|Title 62 - Professions, Businesses and Trades|Chapter 39 - State Licensing and Certified Real Estate Appraisers Law|Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act|§ 62-39-417. Biennial Certification of Maintenance of Detailed Records

  Each appraisal management company registered or seeking to be registered must certify to the commission biennially that it maintains a detailed record of each service request for appraisal services within this state that it receives and of each appraiser who performs an appraisal for the appraisal management company in this state.   The commission may examine the books and records of an appraisal management company operating in this state and require such an appraisal management company to submit such reports, information, and documents as the commission may reasonably require.