§ 160-kkkk. Restrictions. An appraisal management company that applies
for a certificate of registration shall not knowingly:

1. Employ any person in a position in which the person has the
responsibility to order appraisals or valuation services or to review
completed appraisals who has had a license, registration or certificate
to act as an appraiser in this state or in any other state, denied,
revoked, or surrendered in lieu of a pending revocation, unless such
license has been reinstated;

2. Enter into any independent contractor arrangement, whether in
verbal, written, or by other form, with any person who has had a
license, registration or certificate to act as an appraiser in this
state or in any other state, denied, revoked, or surrendered in lieu of
a pending revocation, unless such license has been reinstated; and

3. Enter into any contract, agreement, or other business relationship,
whether in verbal, written, or other form, with any entity that employs,
has entered into an independent contract arrangement, or has entered
into any contract, agreement, or other business relationship, whether in
verbal, written, or any other form, with any person who has ever had a
license, registration or certificate to act as an appraiser in this
state or in any other state, denied, revoked, or surrendered in lieu of
a pending revocation, unless such license has been reinstated.