HB 1106 Summary

• Amends section 43-23.5-12 of the North Dakota Century Code regarding appraisal management companies.
• Requires employees and independent contractors performing appraisal reviews for properties in North Dakota to be a certified or licensed appraiser in good standing in North Dakota or another state.
• Removes the previous option allowing out-of-state appraisers by striking language that permitted "a certified or licensed appraiser in good standing in another state" as an alternative qualification.