HB 1080 — Relating to the regulation of appraisal management companies.

25.8107.01001 Adopted by the Industry and Business Title.02000 Committee February 19, 2025 Sixty-ninth Legislative Assembly of North Dakota PROPOSEDIn AMENDMENTSRegular TOSession Commencing Tuesday, January 7, 2025 HOUSE BILL NO.

1080 Introduced(Industry, by Industry, Business and Labor CommitteeCommittee) (At the request of the North Dakota Real Estate Appraiser Qualifications and Ethics Board) AAN BILLACT for an Act to amend and reenact sections 43-23.5-01, 43-23.5-07, 43-23.5-08, and 43-23.5-15 and subsection 6 of section 43-23.5-21 of the North Dakota Century Code, relating to the regulation of appraisal management companies.

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An an individual who has had an appraiser license or certification in this state or in any other state refused, denied, canceled, surrendered in lieu of revocation, or revoked, or surrendered in lieu of a pending disciplinary proceeding in any jurisdiction and not subsequently granted or reinstatedfor a substantive cause, as determined by the board,board. and the license or certificate was subsequently granted or reinstated.

An entity that is owned by anyanany individual who has had an appraiser license or certification in this state or any other state refused, denied, canceled, surrendered in lieu of revocation, or revoked, or surrendered in lieu of a pending disciplinary proceeding in any jurisdiction and not subsequently granted or reinstatedfor a substantive cause, as determined by the board, and the license or certificate was subsequently granted or reinstated.

2.Each2. person that owns more than ten percent of an appraisal management company applying for, holding, or renewing a registration under this chapter:

Each person that owns more than ten percent of an appraisal management company applying for, holding, or renewing a registration under this chapter:

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EachB. appraisal management company applying for a registration or for renewal of a registration under this chapter shall certify to the board on a form prescribed by the board that the company has reviewed each entity that owns the appraisal management company and that no entity that owns the appraisal management company is owned by any personan individual that has had an appraiser license or certification in this state or any other state refused, denied, canceled, surrendered in lieu of revocation, or revoked, or surrendered in lieu of a pending disciplinary proceeding in any jurisdiction and not subsequently granted or reinstatedfor a substantive cause, as determined by the board, and the license or certificate was subsequently granted or reinstated.

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Each appraisal management company applying for a registration or for renewal of a registration under this chapter shall certify to the board on a form prescribed by the board that the company has reviewed each entity that owns the appraisal management company and that no entity that owns the appraisal management company is owned by any personan individual that has had an appraiser license or certification in this state or any other state refused, denied, canceled, surrendered in lieu of revocation, or revoked, or surrendered in lieu of a pending disciplinary proceeding in any jurisdiction and not subsequently granted or reinstatedfor a substantive cause, as determined by the board.

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1080 - PAGE 5 ____________________________ ____________________________ Speaker of the House President of the Senate ____________________________ ____________________________ Chief Clerk of the House Secretary of the Senate This certifies that the within bill originated in the House of Representatives of the Sixty-ninth Legislative Assembly of North Dakota and is known on the records of that body as House Bill No.

1080.

House Vote:

Yeas 93 Nays 0 Absent 1 Senate Vote:

Yeas 45 Nays 0 Absent 2 ____________________________ Chief Clerk of the House Received by the Governor at ________M.

on _____________________________________, 2025.

Approved at ________M.

on __________________________________________________, 2025.

____________________________ Governor Filed in this office this ___________day of _______________________________________, 2025, at ________ o’clock ________M.