30 Miss. Code. R. 1502-2.3 - Designated Officer

1. Each AMC applying for registration shall designate one (1) controlling person who is an employee of the AMC as its Designated Officer. The Designated Officer shall be the AMC's designated contact for all communications between the Board and the AMC.

2. The Designated Officer shall be authorized by the AMC to act on its behalf for the purpose of the application for and compliance with a Certificate of Registration to operate as an AMC. The Designated Officer shall be responsible for the supervision and control of activities conducted on behalf of the AMC by its officers and employees as necessary to secure full compliance with the provisions of the Board's laws, rules and regulations.

3. The Designated Officer shall:

(a) Be authorized by the AMC to enter into a contractual relationship with other persons for the performance of services requiring registration as an AMC and have the authority to enter into agreements with appraisers for the performance of appraisals;

(b) Possess the power to direct or cause the direction of the management or policies of the AMC.

Notes

30 Miss. Code. R. 1502-2.3

Miss. Code Ann . § 73-34-111, 73-34-3(q), (ii), (iii) & 73-34-9( l) (Rev. 2012).

Amended 1/10/2020