§59-858-802. Purpose of act.
124 words·~1 min read·
/ok/title-59-professions-and-occupations/59-858-802·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is the intent of the Legislature to develop a process for real estate appraisal management company registration and regulation
in order to protect lenders, financial institutions, clients, consumers and the public from economic and financial harm and the potential for such harm that may result from interference with the independence, objectivity, and impartiality of the real estate appraisal process.
The purpose of the Oklahoma Appraisal Management Company Regulation Act is to provide a process for the registration and regulation of entities conducting, performing or engaging in, or attempting to conduct, perform or engage in, real estate appraisal management services as a real estate appraisal management company within the State of Oklahoma. Added by Laws 2010, c. 364, § 2, eff. Jan. 1, 2011.