NMSA 61-30-21. Temporary practice. (Repealed effective July 1, 2030.)
AI-assisted research summary: The board must temporarily recognize out-of-state real estate appraiser credentials if the practice is temporary, lasts no more than six months, has no more than one extension, and is registered with the board.
61-30-21. Temporary practice. (Repealed effective July 1, 2030.) A. Pursuant to Title 11 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the board shall recognize, on a temporary basis, the registration, certification or license of a real estate appraiser issued by another state if: (1) the real estate appraiser's business is of a temporary nature and certified by the real estate appraiser not to exceed six months, with no more than one extension allowed; and (2) the real estate appraiser registers the temporary practice with the board. B. The applicant or any person registering with the board for temporary practice shall file an irrevocable consent that suits and actions may be commenced against the applicant in the proper court of any county of this state in which a cause of action may arise from the applicant's actions as a real estate appraiser trainee, a state licensed residential real estate appraiser or a state certified real estate appraiser or in which the plaintiff may reside, by the service of any processes or pleadings authorized by the laws of this state on the board, the consent stipulating and agreeing that such service of processes or pleadings on the board shall be taken and held in all courts to be as valid and binding as if personal service had been made upon the applicant in New Mexico. If a process or pleading mentioned in the case is served upon the board, it shall be by duplicate copies, one of which shall be filed in the office of the board and the other immediately forwarded by registered mail to the nonresident real estate appraiser trainee, state licensed residential real estate appraiser or state certified real estate appraiser to whom the processes or pleadings are directed. History: Laws 1990, ch. 75, § 21; 1992, ch. 54, § 18; 1993, ch. 269, § 19; 2003, ch. 328, § 18; 2014, ch. 33, § 18.