New Jersey § 45:14f-32

of regulations to effectuate the purposes of L.2017, c. 72 .> a. No person shall, directly or indirectly, engage or attempt to engage in business

as an appraisal management company, or advertise or hold itself out as engaging in

or conducting business as an appraisal management company without first obtaining

a registration issued by the board under the provisions of this act. b. The registration required by subsection a. of this section shall include the following

written information on a form prescribed by the board and which shall be certified

by the compliance officer of the appraisal management company: (1) The name of the entity or individual seeking registration, and the fictitious

name or names, if any, under which it does business in any state; (2) The business address of the entity or individual seeking registration; (3) The telephone number of the entity or individual seeking registration; (4) The name and contact information for the individual's or entity's agent for service

of process in this State, if the entity or individual is not a corporation that is

domiciled in this State; (5) The name, address, and contact information for any individual or any corporation,

partnership, or other business entity that owns 10 percent or more of the appraisal

management company; (6) The name, address, and telephone number for one controlling person designated

as the main contact for all communication between the appraisal management company

and the board; (7) A certification that the entity or individual has a system and process in place

to verify that a person being added to the appraiser panel of the appraisal management

company holds a license or certification in good standing in this State pursuant to

the “Real Estate Appraisers Act,” P.L.1991, c. 68 ( C.45:14F-1 et seq. ); (8) A certification that the entity or individual requires appraisers completing appraisals,

including but not limited to appraisals and appraisal reviews, at its request to comply

with the Uniform Standards of Professional Appraisal Practice promulgated by the Appraisal

Standards Board of the Appraisal Foundation, including the requirements for geographic

and product competence; (9) A certification that the entity or individual has a system in place to verify

that only licensed or certified appraisers are used for federally related transactions; (10) A certification that the entity or individual has a system in place to require

that appraisals are conducted independently and free from inappropriate influence

and coercion as required by the appraisal independence standards established under

section 1639e of the federal Truth in Lending Act, Pub.L.90-321 ( 15 U.S.C. s.1639e ), including the requirements for payment of customary and reasonable compensation

to fee appraisers when the appraisal management company is providing services for

a consumer credit transaction secured by the principal dwelling of a consumer; (11) A certification by the board that the entity maintains a detailed record of each

service request that it receives and the name of the appraiser that performs the residential

real estate appraisal services for the appraisal management company; (12) Whenever applicable, an irrevocable Uniform Consent to Service of Process pursuant

to section 8 of this act; 1 and (13) Any other information as required by the board that is reasonably necessary to

implement this act. c. An application for the renewal of a registration shall include information substantially

similar to that required under subsection b. of this section for an initial registration,

as determined by the board. 1

N.J.S.A. § 45:14F-34.