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S.C. Code Ann. § 40-60-460

Appraiser's consent required to modify report; use of appraisal reports

Known as the Appraisal Management Company Registration Act

The act spans §§ 40–40 (26 sections).

2017 Act No. 32 (S.279), SECTION 1, eff May 10, 2017.

(A) An appraisal management company may not alter, modify, or otherwise change a completed appraisal report submitted by a licensed or certified independent appraiser without the appraiser's consent, except as necessary to comply with regulatory mandates or legal requirements.

(B) An appraisal management company may not use an appraisal report submitted by a licensed or certified independent appraiser, or any of the data or information contained therein, for any purpose other than its intended use without the appraiser's or the intended end user's consent, except as necessary to comply with regulatory mandates or legal requirements.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.