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Information for Appraisal Management Companies - AMC Renewals Now Delinquent

6/4/2015


AMC Renewals not Postmarked by May 31st are Delinquent and Must Include Delinquent Fee

AMC Renewal Forms have been available on the website since late April and were also emailed to each AMC. 

Renewals not postmarked by May 31st are delinquent and must include a delinquent fee of $250 per month they are delinquent. Please see 190CSR5 for specific information.

If your company opts to submit a continuation certificate and power of attorney form instead of a new surety bond with your renewal, the Office of the West Virginia Attorney General requires both the continuation certificate and power of attorney forms to have raised seals.

Renewals must be mailed to the Board's Post Office Box:
  PO Box 40267
  Charleston, WV 25364

AMC Legislation

Title 190, Series 5, Requirements for Registration and Renewal of Appraisal Management Companies, was passed by the Legislature on March 14th and signed by the Governor on April 2nd. The Rule will be effective when final filed in early May.

AMCs with Temporary Authority to Conduct Business

Title 190, Series 5, Requirements for Registration and Renewal of Appraisal Management Companies, allows  AMCs meeting the requirements to operate under temporary authority.  AMCs meeting these guidelines as of April 25, 2015: 
  1) ATI Valuations

Background Checks for Controlling Persons and Owner/Employees

Please contact Courtney Buskirk or Sandy Kerns for fingerprint cards and information to obtain background checks. 

  Courtney Buskirk, buskirkc@mail.wvnet.edu
  Sandy Kerns, kernss@mail.wvnet.edu

 
 
 

 



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