Iowa Admin. Code r. 481-2050.1 - Definitions

For the purposes of this chapter, the definitions in Iowa Code chapter 543E shall apply. In addition, unless the context otherwise requires, the following definitions shall apply:

"Nationwide multistate licensing system" or "NMLS" means a mortgage licensing system owned and operated by the State Regulatory Registry, LLC, a wholly owned subsidiary of the Conference of State Bank Supervisors.

"Owner" means a person who owns or has the power to vote more than 10 percent of the shares of an appraisal management company.

"Ownership" means being an owner or otherwise having the power to vote more than 10 percent of the shares of an appraisal management company.

"Registrant" means a person who is registered as an appraisal management company in this state.

Notes

Iowa Admin. Code r. 481-2050.1

ARC 2869C, IAB 12/21/2016, effective 1/1/2017; Editorial change: IAC Supplement 1/22/2025