Browse Arkansas Code titles and sections
17-14-102. Necessity for registration, license, or certificate.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-14-102. Necessity for registration, license, or certificate.
(a)(1) The Arkansas Appraiser Licensing and Certification Act, § 17-14-101 et seq., § 17-14-201 et seq., and § 17-14-301 et seq., is created in response to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 and specifies three (3) classes of appraisers: state-licensed, state-certified residential, and state-certified general appraisers for federally related transactions.
(2) A fourth class is created for nonfederally related transactions, which shall be known as “state-registered appraisers”.
(3) A fifth class is created for an appraiser who is subject to direct control and supervision by a qualified state-certified appraiser supervisor as part of upgrading his or her classification to state-licensed or state-certified, which shall be known as “registered apprentice appraiser”.
(b) It is the intent of the General Assembly that this law be no more restrictive than required under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-14-102
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:17-14-102
Source file: gov.ar.code.title.17.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b89f042803a988b45fc29a9f780f584d95da737720df2a251ee6caa157e025e8
Source location: content.xml paragraph 1846
Stored source content
17-14-102. Necessity for registration, license, or certificate.
(a)(1) The Arkansas Appraiser Licensing and Certification Act, § 17-14-101 et seq., § 17-14-201 et seq., and § 17-14-301 et seq., is created in response to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 and specifies three (3) classes of appraisers: state-licensed, state-certified residential, and state-certified general appraisers for federally related transactions.
(2) A fourth class is created for nonfederally related transactions, which shall be known as “state-registered appraisers”.
(3) A fifth class is created for an appraiser who is subject to direct control and supervision by a qualified state-certified appraiser supervisor as part of upgrading his or her classification to state-licensed or state-certified, which shall be known as “registered apprentice appraiser”.
(b) It is the intent of the General Assembly that this law be no more restrictive than required under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
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Arkansas Code — all titles (historical 2020) · legal_authorities
17-14-101. Title.
Section 17-14-101 et seq., § 17-14-201 et seq., and § 17-14-301 et seq. shall be known and may be cited as the “Arkansas Appraiser Licensing and Certification Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-14-101
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 17-14-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-14-201. Composition — Membership — Chair.
(a) There is created the Arkansas Appraiser Licensing and Certification Board, to be composed of ten (10) members as follows:
(1) Seven (7) practicing certified or licensed appraisers as follows:
(A) At least five (5) of the appraiser members of the board shall be state-certified appraisers;
(B) No more than two (2) appraiser members shall reside in the same congressional district of the four (4) Arkansas congressional districts; and
(C) The seven (7) practicing appraiser members shall be representative of the various disciplines found in the appraisal profession, including without limitation residential appraisal, commercial and industrial appraisal, forestry and timberland appraisal, rural appraisal, and any other appraisal discipline that may be affected by the Arkansas Appraiser Licensing and Certification Act, § 17-14-101 et seq., § 17-14-201 et seq., and § 17-14-301 et seq.;
(2) One (1) board member shall be a representative of financial institutions familiar with the appraisal process;
(3) One (1) senior citizen representative; and
(4) One (1) consumer representative.
(b)(1) The Governor shall appoint the members of the board subject to confirmation by the Senate and may remove a member for cause.
(2) At least five (5) real estate appraiser members appointed to the board shall be members in good standing of:
(A) A state or regional chapter of a nationally recognized real estate appraisal organization that requires an individual to have qualified appraisal experience, education, and testing in order to become a designated member and to adhere to standards of professional practice in order to retain such a designation; or
(B) The Association of Consulting Foresters of America, Inc., Arkansas Chapt
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-14-201
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 17-14-201. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-14-301. Business entities — Eligibility for licensing.
A registration, license, or certificate shall not be issued under the Arkansas Appraiser Licensing and Certification Act, § 17-14-101 et seq., § 17-14-201 et seq., and § 17-14-301 et seq., to a firm, corporation, partnership, group, or other business entity.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-14-301
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 17-14-301. This identifies an authority to review, not proof of applicability.