Section 278: Appraisal management companies; rules and regulations
Section 278. The board may adopt rules and regulations that are reasonable and necessary to: (i) implement, administer and enforce sections 276 to 289, inclusive; and (ii) comply with any federal rules or regulations promulgated pursuant to Title XI of the Financial Reform, Recovery and Enforcement Act of 1989, 12 U.S.C. 3331 et seq. The board shall adopt rules and regulations in accordance with federal regulations promulgated pursuant to said Title XI of the federal Financial Institutions Reform, Recovery, and Enforcement Act of 1989 for the purpose of determining whether an appraiser shall be deemed to be part of an appraisal management company's appraiser panel within a 12–month period.