Montana § 37-54-416 - Retention Of Records
Full text of Montana Montana Code Annotated § 37-54-416 — Retention Of Records, with citation guidance and answers to common questions.
§ 37-54-416. Retention Of Records
Retention of records. (1) A licensed or certified real estate appraiser shall retain for 5 years from the date of submission of an appraisal report to a client: (a) an original or true copy of any written contract engaging the person's services as an appraiser; (b) an appraisal report prepared or signed by the licensed or certified real estate appraiser; and (c) all supporting data assembled and formulated by the licensed or certified real estate appraiser in preparing the appraisal report. (2) If a licensed or certified real estate appraiser is notified within this 5-year period that the appraisal report is involved in litigation, the appraiser shall retain the appraisal report for 5 years from the final date of disposition of the litigation. (3) The licensed or certified real estate appraiser shall make available to the board at reasonable times, for inspection and copying, any appraisal report the appraiser is required to maintain under the provisions of this section.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 37-54-416
What does Montana Code Annotated § 37-54-416 cover?
Section 37-54-416 ("Retention Of Records") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 37-54-416?
A common citation format is "Montana Code Annotated § 37-54-416" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 37-54-416 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana 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 Montana.