MS HB799

Extends the repeal date of appraisal management company registration requirements in Mississippi Code Section 73-34-103 from July 1, 2019 to July 1, 2022.

Requires appraisal management companies to obtain registration from the Mississippi Real Estate Appraiser Licensing and Certification Board and submit a $20,000 surety bond before conducting business in the state.

Registration applications must include company information, ownership details, controlled person contact information, and certifications regarding appraiser licensing verification, USPAP compliance, and appraisal independence standards.

Registrations remain valid for one year and must be renewed with substantially similar information as required for initial registration.

Effective date is July 1, 2019.