IC 25-34.1-8-2: Members; appointments; removal

Sec. 2. (a) The board consists of five (5) members appointed by the governor as follows:

(1) Subject to IC 25-1-6.5-3, three (3) members who are real estate appraisers:

(A) who are licensed or certified under this article;

(B) who have at least five (5) years experience as real estate appraisers; and

(C) at least one (1) of whom is a certified appraiser.

(2) Subject to IC 25-1-6.5-3, one (1) representative who represents lenders qualified to:

(A) make Federal Housing Administration insured loans and Veterans Administration guaranteed loans; and

(B) sell loans to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.

(3) Subject to IC 25-1-6.5-3, one (1) member who is not associated with the real estate business in any way other than as a consumer.

(b) A member may be removed under IC 25-1-6.5-4.