{"data":{"id":"us-sc/s.c.-code-ann.-40-60-420","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 40-60-420","heading":"Record-keeping requirements for registration renewal.","body":"An appraisal management company shall:\n(1) maintain a detailed record of each service request that it receives for at least the latter of:\n(a) five years after the date of service request; or\n(b) two years after final disposition of a judicial proceeding in which the appraisal management company provided testimony related to an assignment; and\n(2) have a policy that requires a certified or licensed appraiser who is an independent contractor and who performs a real estate appraisal service for the appraisal management company to maintain those records including, but not limited to, the work file, for at least the latter of:\n(a) five years after preparation; or\n(b) two years after the final disposition of a judicial proceeding in which the appraiser or the appraisal management company provided testimony related to the assignment.","path":["Title 40 - PROFESSIONS AND OCCUPATIONS","CHAPTER 60 Real Estate Appraisers and Appraisal Management Companies","ARTICLE 3 Appraisal Management Company Registration Act"],"source_url":"https://www.scstatehouse.gov/code/t40c060.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:23:44Z","sha256":"d3e00b02e80361c7eb9b9a3024139ac3cab1b94cf1cf72022e85d498a4fb2c94","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-40-60-410","next":"us-sc/s.c.-code-ann.-40-60-430"},"notice":"GroundRules: Original legal text. Not legal advice."}