N.Y. Executive Law § 160-kkkk: Restrictions

§ 160-kkkk. Restrictions. An appraisal management company that applies

for a certificate of registration shall not knowingly:

1. Employ any person in a position in which the person has the

responsibility to order appraisals or valuation services or to review

completed appraisals who has had a license, registration or certificate

to act as an appraiser in this state or in any other state, denied,

revoked, or surrendered in lieu of a pending revocation, unless such

license has been reinstated;

2. Enter into any independent contractor arrangement, whether in

verbal, written, or by other form, with any person who has had a

license, registration or certificate to act as an appraiser in this

state or in any other state, denied, revoked, or surrendered in lieu of

a pending revocation, unless such license has been reinstated; and

3. Enter into any contract, agreement, or other business relationship,

whether in verbal, written, or other form, with any entity that employs,

has entered into an independent contract arrangement, or has entered

into any contract, agreement, or other business relationship, whether in

verbal, written, or any other form, with any person who has ever had a

license, registration or certificate to act as an appraiser in this

state or in any other state, denied, revoked, or surrendered in lieu of

a pending revocation, unless such license has been reinstated.