An appraisal management company that has a reasonable basis to believe an appraiser has failed to comply with applicable laws, the Uniform Standards of Professional Appraisal Practice or other ethical or professional requirements in connection with a consumer credit transaction secured by a consumer’s principal dwelling, shall refer the matter to the agency if the failure to comply is material.For purposes of this section, a failure to comply is material if it is likely to significantly affect the value assigned to the consumer’s principal dwelling.
Miss. Code Ann. § 73-34-127
Material failure of appraiser to comply with ethical or professional requirements in connection with certain consumer credit transactions
Known as the The Real Estate Appraiser Licensing and Certification Act
The act spans §§ 73–73 (50 sections).
Laws, 2011, ch. 458, § 14, effective December 1, 2013.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.