(1) Each original and renewal license issued under chapter
18-310 RCW shall expire one year from date of issue.
(2) To be renewed as an appraisal management company, the holder of a valid license shall submit an application to include the information required in WAC
308-409-020(3) and pay the prescribed fee to the director no earlier than one hundred twenty days prior to the expiration date.
(3) If a company fails to renew a license prior to its expiration and no more than one year has passed since the company last held a valid license, the company may obtain a renewed license by paying the renewal fee and late renewal penalty fee.
(4) The director shall cancel the license of any company whose renewal fee is not received within one year from the date of expiration. A company may obtain a new license by applying for original licensure as an appraisal management company.
[Statutory Authority: RCW
18.310.020 (1) and (11). WSR 20-09-077, § 308-409-030, filed 4/14/20, effective 6/4/20. Statutory Authority: RCW
18.310.020 (1) and (11), 12 U.S.C. § 3353(d), and 12 C.F.R. § 226.42. WSR 16-21-061, § 308-409-030, filed 10/14/16, effective 11/14/16. Statutory Authority: RCW
18.310.020(1). WSR 11-24-067, § 308-409-030, filed 12/6/11, effective 1/6/12.]