S.D. Codified Laws § 36-21D-4

Current through the 2024 Legislative Session
Section 36-21D-4 - Promulgation of rules regarding companies and services

The secretary of the Department of Labor and Regulation may promulgate rules pursuant to chapter 1-26 relating to appraisal management companies and appraisal management services in the following areas:

(1) Registration of appraisal management companies;
(2) Definition of terms;
(3) Responsibilities and duties;
(4) Application for and issuance of certificate of registration;
(5) Renewal and late renewal procedures;
(6) Contracting for investigations;
(7) Complaints and grounds for disciplinary actions, including denial, revocation, suspension, censure, and reprimand;
(8) Retention and inspection of records;
(9) Roster;
(10) Review of appraisal related records;
(11) Inspection, examination, and photocopy of records;
(12) National registry fee collection and remittance; and
(13) Filing of surety bonds or irrevocable letters of credit.

SDCL 36-21D-4

SL 2011, ch 184, §4; SL 2014, ch 184, §4; SL 2021, ch 168, §36.
Amended by S.L. 2021, ch. 168,s. 36, eff. 7/1/2021.
Amended by S.L. 2014, ch. 184,s. 4, eff. 7/1/2014.