N.Y. Executive Law § 160-cccc: Exemptions

§ 160-cccc. Exemptions. The provisions of this article shall not apply

to any person that exclusively employs appraisers for the performance of

appraisals or to any appraisal management company that is a wholly-owned

subsidiary of a financial institution, which is regulated by the federal

financial institution regulatory agency. The registration provisions of

this article shall not apply to the state, any state agency or

authority, or any political subdivision of the state that employs

appraisers.