OAR 161-520-0050: Change of Individual Ownership

An appraisal management company with a change of individual ownership greater than fifty (50) percent interest in the appraisal management company, shall submit to the Board a notice of change of ownership. Such notification shall be in writing on a form prescribed by the Board, along with the following: (1) A completed surety bond required by ORS 674.210; (2) A copy of the Secretary of State business registration showing change of registered agent; (3) A completed background check authorization form for the new subject individual, containing information specified in OAR 161-530-0020; (4) A sealed envelope containing a fingerprint card for the subject individual; (5) The application fee established in OAR 161-510-0010; and (6) The fingerprint and background check fee established in OAR 161-510-0010.