Okla. Stat. tit. 59, § 59-858-809: Ownership of AMC applying for, holding, or renewing a

registration.

A. An AMC applying for, holding, or renewing a registration

under the Oklahoma Appraisal Management Company Regulation Act shall

not be owned by:

1. A person who has held a credential issued by any appraiser-

credentialing jurisdiction to act as an appraiser that was refused,

denied, canceled, suspended, revoked or surrendered in lieu of a

pending disciplinary proceeding in any jurisdiction and not

subsequently granted or reinstated; or

2. An entity that is owned by any person who has held a

credential issued by any appraiser-credentialing jurisdiction to act

as an appraiser that was refused, denied, canceled, suspended,

revoked or surrendered in lieu of a pending disciplinary proceeding

in any jurisdiction and not subsequently granted or reinstated.

B. Each person that owns an AMC applying for, holding, or

renewing a registration under the Oklahoma Appraisal Management

Company Regulation Act shall:

1. Be of good moral character, as determined by the Board; and

2. Submit to a background investigation, as determined by the

Board.

C. Each AMC applying for registration or for renewal of a

registration under the Oklahoma Appraisal Management Company

Regulation Act shall certify to the Oklahoma Real Estate Appraiser

Board on a form prescribed by the Board that it has reviewed each

entity that owns the AMC and that no entity has had a credential

issued by any appraiser-credentialing jurisdiction to act as an

appraiser that was refused, denied, cancelled, suspended, revoked,

or surrendered in lieu of a pending disciplinary proceeding in any

jurisdiction and not subsequently granted or reinstated.