§16–5B–09.

    (a)    A person applying for registration as an appraisal management company shall certify to the Commission on an annual basis that it will maintain a detailed record of:

        (1)    each service request that it receives; and

        (2)    each appraiser that performs the appraisal for the appraisal management company.

    (b)    An appraisal management company shall retain the records required under subsection (a) of this section for 5 years after an appraisal is completed, or 2 years after final disposition of a judicial proceeding related to the assignment, whichever period expires later.