Each appraisal management company shall, except in cases of breach of contract or substandard performance of services, make payment to an appraiser for the completion of an appraisal or valuation assignment within sixty (60) days, unless a mutually agreed upon alternate payment schedule exists, from when the appraiser transmits or otherwise provides the completed appraisal or valuation study to the appraisal management company or its assignee.
Tenn. Code Ann. § 62-39-421
Payment deadlines to appraisers
Known as the State Licensing and Certified Real Estate Appraisers Law
The act spans §§ 62–62 (74 sections).
Acts 2010, ch. 963, § 22.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.