§ 104.300. Classes and Appointment of Appraisers.

(a) The board of directors of a state savings and loan association may appoint any person or persons to act as an appraiser in any one of the four classes as described in this Subchapter 4, Article 3 or may delegate such authority to management. Prior to appointment, information must be provided to the association verifying that the person(s) meet the Commissioner's qualification standards established for the designated class. Documentation to support the appointment for each natural person(s) signing an appraisal report shall be available upon request for examination by the Commissioner.

(b) The provisions of this Subchapter 4, Article 3 shall not affect the appointment of appraisers made prior to the effective date of these regulations.

HISTORY

1. Change without regulatory effect renumbering former Section 122 to Section 104.300 (Register 87, No. 14). For prior history, see Registers 82, No. 49 and 69, No. 22.

2. Amendment filed 8-23-88; operative 9-22-88 (Register 88, No. 35).

Note

Note: Authority cited: Sections 7500 and 8053, Financial Code. Reference: Sections 7500 and 8158, Financial Code.