New Jersey § 45:14f-40

§ 45:14f-40.

a. With respect to reporting requirements for non-federally regulated appraisal management

companies, the board will collect from each AMC registered or seeking to be registered

in the State the information and fees that the Appraisal Subcommittee requires to

be submitted to it by the State pursuant to regulations or guidance promulgated by

the Appraisal Subcommittee. b. With respect to reporting requirements for federally regulated appraisal management

companies: a federally regulated AMC operating in the State shall report to the board

the information required to be submitted by the State to the Appraisal Subcommittee,

pursuant to the Appraisal Subcommittee's policies regarding the determination of the

AMC National Registry fee. These reporting requirements will be set forth by the board by rule, and shall include: (1) a report to the board on a form prescribed by the board of intent to operate in

this State; (2) information related to whether 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, cancelled, surrendered in lieu of revocation, or revoked in any state for

a substantive cause, as determined by the Appraisal Subcommittee; and (3) if a person has had action taken on his or her appraisal license, the board shall

collect information related to whether the license was revoked for a substantive cause

and if it has been reinstated by the state or states in which the appraiser was licensed

or certified. c. The board is authorized to collect from a federally regulated AMC operating in

the State for submission to the Appraisal Subcommittee the AMC National Registry fee.