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AMC expired License

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Steven Spychalski

Thread Starter
Junior Member
Joined
Jan 14, 2003
Professional Status
Certified Residential Appraiser
State
Illinois
Hi everybody!

Got a request from an AMC I have not worked with before. It is a request for a 1004D (Cert of Completion) on a report I completed previously. They stated the Lender has switched AMCs since the prior report was completed.

I looked them up and their current IL AMC license is in NOT RENEWED status from 2018. I sent them a request for updated info.

So few quick questions....

-If their license is NOT active, can they be placing orders in Illinois? Can I work with them?
-Do I need to get disclosure permission from the prior AMC client if I am incorporating the previous report via reference?

Thanks in advance for the advice!!!!
 

Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
Hi everybody!

Got a request from an AMC I have not worked with before. It is a request for a 1004D (Cert of Completion) on a report I completed previously. They stated the Lender has switched AMCs since the prior report was completed.

I looked them up and their current IL AMC license is in NOT RENEWED status from 2018. I sent them a request for updated info.

So few quick questions....

-If their license is NOT active, can they be placing orders in Illinois? Can I work with them?
-Do I need to get disclosure permission from the prior AMC client if I am incorporating the previous report via reference?

Thanks in advance for the advice!!!!

Perhaps you should notify the lender/client
that their 3rd party
for whom the lender/client is responsible,
per IAEG,
is no longer licensed to do business in the state.

Could be you could get a "direct lender/client" client for the next order, other than from an AMC.

.
 
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