appraisal management companies; definition

HB 2501 defines key terms related to appraisal management companies (AMCs) in Arizona, directly affecting AMCs, appraisers, and lenders using their services. The bill clarifies that an "appraisal management company" includes any business managing appraisal services - like recruiting appraisers, handling orders, or paying appraisers - regardless of the name used (e.g., "mortgage technology provider"). It specifies requirements for AMCs, such as managing 16+ appraisers in one state or 25+ across two states within a year. This definition helps regulators and businesses understand which entities fall under Arizona’s appraisal management rules.