Okla. Stat. tit. 59, § 59-858-805: Applicability of act

The provisions of the Oklahoma Appraisal Management Company

Regulation Act shall not apply to:

1. A department or unit within a financial institution that is

subject to direct regulation by an agency of the United States

Government that is a member of the Federal Financial Institutions

Examination Council or its successor, or to regulation by an agency

of this state, that receives a request for the performance of an

appraisal from one employee of the financial institution, and

another employee of the same financial institution assigns the

request for the appraisal to an appraiser that is an independent

contractor to the institution, except that an AMC that is a wholly

owned subsidiary of a financial institution shall not be considered

a department or unit within a financial institution to which the

provisions of the Oklahoma Appraisal Management Company Regulation

Act do not apply;

2. A person that enters into an agreement, whether written or

otherwise, with an appraiser for the performance of an appraisal,

and upon the completion of the appraisal, the report of the

appraiser performing the appraisal is signed by both the appraiser

who completed the appraisal and the appraiser who requested the

completion of the appraisal, except that an AMC may not avoid the

requirements of the Oklahoma Appraisal Management Company Regulation

Act by requiring an employee of the AMC that is an appraiser to sign

an appraisal that is completed by an appraiser that is part of the

appraisal panel of the AMC; or

3. An individual or individuals who are state-certified or

state-licensed appraisers in good standing credentialed by the

Oklahoma Real Estate Appraiser Board and who are actively engaged in

the practice of real estate appraising and, as a function of the

practice, maintain a list of fifteen or fewer employees in Oklahoma

or twenty-four or less employees in two or more states who are

credentialed appraisers in good standing or independent contractor

credentialed appraisers in good standing.