37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state, shall
execute a compact, in substantially the following form, with the State of Mississippi, and
the Legislature approves and ratifies the compact in the form substantially as follows: Northeast
Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states solemnly
agree: Article I. The purpose of this compact is to promote and develop trade, commerce, industry,
and employment opportunities for the public good and welfare in northeast Mississippi and
northwest Alabama through the establishment of a joint interstate authority to acquire certain
railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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34-27A-57
Section 34-27A-57 Duties of appraisal management company. An appraisal management company shall
do all of the following: (1) Annually certify to the board, on a form prescribed by the board,
that the appraisal management company verifies that any person added to the appraiser panel
of the appraisal management company, for the purpose of completing appraisals in this state,
is licensed or certified in good standing pursuant to Article 1. (2) Annually certify to the
board, on a form prescribed by the board, that the appraisal management company periodically
reviews the work of all appraisers performing appraisals and appraisal reviews for the appraisal
management company to verify that the appraisals are being conducted in accordance with Uniform
Standards of Professional Appraisal Practice. (3) Annually certify to the board, on a form
prescribed by the board, that the appraisal management company requires appraisers who receive
assignments for appraisals and appraisal review have...
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34-27A-56
Section 34-27A-56 Registration numbers. (a) The board shall issue a unique registration number
to each appraisal management company and shall annually publish a list of registered appraisal
management companies and their corresponding registration numbers. (b) Each appraisal management
company shall include its registration number on all engagement letters for appraisals in
Alabama. (Act 2011-701, p. 2161, §3.)...
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34-27A-1
Section 34-27A-1 Short title. This article shall be known and may be cited as the "Alabama
Real Estate Appraisers and Appraisal Management Company Registration and Regulation Act."
(Acts 1990, No. 90-639, p. 1175, §1; Act 2011-701, p. 2161, §2.)...
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34-24-523
Section 34-24-523 Designation of state of principal license. (a) A physician shall designate
a member state as the state of principal license for purposes of registration for expedited
licensure through the compact if the physician possesses a full and unrestricted license to
practice medicine in that state, and the state is: (1) The state of primary residence for
the physician; or (2) The state where at least 25 percent of the practice of medicine occurs;
or (3) The location of the physician's employer; or (4) If no state qualifies under subdivision
(1), subdivision (2), or subdivision (3), the state designated as state of residence for purpose
of federal income tax. (b) A physician may redesignate a member state as state of principal
license at any time, as long as the state meets the requirements in subsection (a). (c) The
interstate commission is authorized to develop rules to facilitate redesignation of another
member state as the state of principal license. (Act 2015-197, §4.)...
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34-27A-59
Section 34-27A-59 Removal of appraiser from appraiser panel. An appraisal management company
may not remove an appraiser from an appraiser panel without: (1) Providing written notice
to the appraiser of the reasons for removal. (2) Providing written notice of the nature of
any alleged illegal conduct or violation of Uniform Standards of Professional Appraisal Practice
or state licensing standards if such is the reason for removal. (3) Providing an opportunity
for the appraiser to respond to the written notice. (Act 2011-701, p. 2161, §3.)...
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34-27A-58
Section 34-27A-58 Confirmation of competency; when payments due. (a) Before placing an assignment
with an appraiser, an appraisal management company shall require that the appraiser confirm
in writing or via electronic means that the appraiser receiving the assignment is a competent
appraiser for the performance of the appraisal being assigned. (b) An appraisal management
company operating in this state, except in cases of a mutually agreed upon payment date, breach
of contract, or performance of services that violates Uniform Standards of Professional Appraisal
Practice or any published standards of best practices, shall make payment to an appraiser
for the completion of an appraisal or valuation assignment within 45 days after the date the
appraisal management company, or an assignee, receives a completed appraisal or valuation
study. (Act 2011-701, p. 2161, §3.)...
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34-27A-61
Section 34-27A-61 Penalties. The board may censure, conditionally or unconditionally suspend
registration, revoke registration, levy fines, or impose civil penalties not exceeding twenty-five
thousand dollars ($25,000) against any appraisal management company that the board determines
is attempting to or has performed any of the following: (1) An act in violation of this article.
(2) A violation of any rule adopted by the board in the interest of the public and consistent
with this article. (3) The procurement of registration through fraud, misrepresentation, or
deceit. (Act 2011-701, p. 2161, §3.)...
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34-27A-60
Section 34-27A-60 Unlawful influencing of appraisal. (a) It is unlawful for any employee, director,
officer, or agent of an appraisal management company to influence or attempt to influence
the development, reporting, or review of an appraisal through coercion, extortion, collusion,
compensation, instruction, inducement, intimidation, bribery, or in any other manner including,
but not limited to, any of the following: (1) Withholding or threatening to withhold timely
payment for an appraisal, unless the appraisal is found to be of substandard quality or noncompliant
with the scope of the assignment as defined in the engagement letter. (2) Withholding or threatening
to withhold payment for an appraisal if the loan transaction is not completed. (3) Withholding
or threatening to withhold future business of, or demoting or terminating the services of,
or threatening to demote or terminate the services of an appraiser. (4) Promising future business,
promotions, or increased compensation to...
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34-27A-4
Section 34-27A-4 Board created; composition; meetings; compensation. There is established the
Alabama Real Estate Appraisers Board. The board shall consist of nine members, one of whom
shall be a qualified individual from the general public, seven of whom shall be real property
appraisers, and, beginning on October 1, 2011, one of whom shall be a representative of an
appraisal management company. Each member of the board, except for the representative of the
appraisal management company, shall be a citizen of this state and no less than two of the
nine board members shall be of a minority race. The overall membership of the board shall
be inclusive and reflect the racial, gender, geographic, urban/rural, and economic diversity
of the state. The Governor shall appoint the members of the Real Estate Appraisers Board.
One appraiser member shall be appointed from each United States Congressional District in
this state. The term of each board member shall be three years; except that, of the...
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