N.Y. Executive Law § 160-llll: Recordkeeping

§ 160-llll. Recordkeeping. Each appraisal management company shall

maintain a detailed record of each service request that it receives and

the real estate appraiser that performs such appraisal for the appraisal

management company. Records shall be maintained for a period of at least

five years after such appraisal is completed or two years after final

disposition of a judicial proceeding related to such assignment,

whichever period expires later. Appraisal management companies shall

make records available to the department upon request. Appraisal

management companies shall also allow the department to examine the

books and records of the appraisal management company and require it to

submit reports, information and documents upon request. Appraisal

management companies shall also allow the department to verify that the

appraisers on such panel hold a valid license or certification.