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25-34.1-8-2. Members; appointments; removal

IN Code § 25-34.1-8-2 (2019) (N/A)
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Sec. 2. (a) The board consists of five (5) members appointed by the governor as follows:

(1) Subject to IC 25-1-6.5-3, three (3) members who are real estate appraisers:

(A) who are licensed or certified under this article;

(B) who have at least five (5) years experience as real estate appraisers; and

(C) at least one (1) of whom is a certified appraiser.

(2) Subject to IC 25-1-6.5-3, one (1) representative who represents lenders qualified to:

(A) make Federal Housing Administration insured loans and Veterans Administration guaranteed loans; and

(B) sell loans to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.

(3) Subject to IC 25-1-6.5-3, one (1) member who is not associated with the real estate business in any way other than as a consumer.

(b) A member may be removed under IC 25-1-6.5-4.

As added by P.L.186-1990, SEC.14. Amended by P.L.183-1991, SEC.11; P.L.249-2019, SEC.128.

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25-34.1-8-3. Term