HB2956

Oklahoma HB2956 amends the Oklahoma Appraisal Management Company Regulation Act to clarify ownership requirements and reporting obligations for.

Oklahoma HB2956 amends the Oklahoma Appraisal Management Company Regulation Act to modify definitions, clarify requirements for ownership to register appraisal management companies, and modify the required information for reports to the Real Estate Appraiser Board. The bill specifies that each person who owns an appraisal management company must be of good moral character and submit to a background investigation. It also mandates that federally-regulated appraisal management companies report to the Real Estate Appraiser Board.