NAC645C.377. Application for initial registration.

     1. An application for the initial registration of an appraisal management company provided by the Division must include the following information:

     (a) The name, residence address and business address of the applicant.

     (b) The name under which the applicant will conduct business as an appraisal management company.

     (c) The address of the principal office of the applicant.

     (d) The address of each branch office of the applicant.

     (e) If the applicant is a natural person, the social security number of the applicant.

     (f) If the applicant is not a natural person:

          (1) The name, residence address, business address and social security number of each person who will have an interest in the applicant as a principal, general partner, director, officer or trustee; and

          (2) The name of the qualified employee designated by the applicant.

     (g) Such other pertinent information as the Division may require.

     2. The application must be accompanied by:

     (a) A complete set of the fingerprints of the applicant or, if the applicant is not a natural person, a complete set of the fingerprints of each person who will have an interest in the applicant as a principal, partner, officer, director or trustee, and written permission authorizing the Division to forward the fingerprints to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for its report; or

     (b) Written verification, on a form prescribed by the Division, stating that the fingerprints of the applicant were taken and directly forwarded electronically or by another means to the Central Repository and that the applicant has given written permission to the law enforcement agency or other authorized entity taking the fingerprints to submit the fingerprints to the Central Repository for submission to the Federal Bureau of Investigation for a report on the applicant’s background.

     3. In addition to the information required by subsection 2, the application must be accompanied by the following:

     (a) A recent photograph of the applicant or, if the applicant is not a natural person, a recent photograph of each person who will have an interest in the applicant as a principal, partner, director, officer or trustee.

     (b) The certifications required by NRS 645C.650.

     (c) The statement required by NRS 645C.655.

     (d) If the applicant uses an appraiser fee schedule, a copy of the appraiser fee schedule.

     4. As used in this section, “qualified employee” means a natural person who is a principal, general partner, director, officer, manager or registered agent of an appraisal management company and who is designated by the appraisal management company to act on its behalf.

     (Added to NAC by Comm’n of Appraisers of Real Estate by R091-09, eff. 4-20-2010)