Idaho § 54-4126
Full text of Idaho Idaho Statutes § 54-4126, with citation guidance and answers to common questions.
§ 54-4126.
ownership requirements - controlling persons. (1) No AMC shall be registered in this state if the AMC is owned in whole or in part, directly or indirectly, by any person who has had an appraiser license or certificate refused, denied, canceled, surrendered in lieu of revocation, or revoked in any state for substantive cause, as determined by the appropriate state appraiser certifying and licensing agency. An AMC is not barred from registration in this state if the license or certificate of the appraiser with an ownership interest was not revoked for a substantive cause and has been reinstated by the state or states in which the appraiser was licensed or certified.
(2) No AMC shall be registered in this state if any natural person who owns more than ten percent (10%) of the AMC:
(a) Is determined by the board to not be in compliance with all minimum federal requirements; or
(b) Fails to submit to a background investigation, including a fingerprint-based criminal history check in accordance with section 67-9411A , Idaho Code.
(3) Each AMC applying to the board for a registration in this state shall designate one (1) controlling person that will be the main contact for all communication between the board and the AMC and notify the board of any change in the AMC’s controlling person. The controlling person designated pursuant to this subsection shall:
(a) Have never had a license or certificate to act as an appraiser refused, denied, canceled, revoked or surrendered in lieu of revocation for a substantive reason in any state, unless the person has subsequently had the license or certificate to act as an appraiser granted or reinstated;
(b) Be in compliance with all minimum federal requirements, as determined by the board; and
(c) Submit to a background investigation, including a fingerprint-based criminal history check in accordance with section 67-9411A , Idaho Code.
[54-4126, added 2016, ch. 131, sec. 1, p. 391; am. 2020, ch. 104, sec. 3, p. 280; am. 2024, ch. 101, sec. 17, p. 460.]
Frequently Asked Questions About Idaho § 54-4126
What does Idaho Statutes § 54-4126 cover?
Section 54-4126 is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 54-4126?
A common citation format is "Idaho Statutes § 54-4126" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 54-4126 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.