Montana Code Annotated 2017

TITLE 37. PROFESSIONS AND OCCUPATIONS

CHAPTER 54. REAL ESTATE APPRAISERS

Part 5. Appraisal Management Companies

Audits

37-54-512. Audits. Upon renewal, not less than 10% of the appraisal management companies in this state must be subjected to a random audit. Audited appraisal management companies shall submit the recordkeeping documentation described in 37-54-513 for the 12-month period prior to renewal and any other documentation the board requests to validate compliance with this chapter. Any costs incurred by the board during an audit may be attributed to the appraisal management company.

History: En. Sec. 14, Ch. 270, L. 2011.