California § 11345.7. 11345.7. (Added by Stats. 2011, Ch. 716, Sec. 4.)

California Statutes

§ 11345.7. — 11345.7. (Added by Stats. 2011, Ch. 716, Sec. 4.)

California·Code BPC Business and Professions Code - BPC·Div. 4. DIVISION 4. REAL ESTATE·Part 3. PART 3. LICENSING AND CERTIFICATION OF REAL ESTATE APPRAISERS·Ch. 4. CHAPTER 4. Licenses and Certification Application

No person or entity preparing an appraisal or performing appraisal management functions in connection with the origination, modification, or refinancing of a mortgage loan shall have a prohibited direct or indirect interest, financial or otherwise, in the property or the transaction for which the appraisal or appraisal management functions are performed, within the meaning of Section 226.42(d) of Title 12 of the Code of Federal Regulations and the accompanying commentary contained in Volume 75 of the Federal Register, page 66554, dated October 28, 2010.

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No person or entity preparing an appraisal or performing appraisal management functions in connection with the origination, modification, or refinancing of a mortgage loan shall have a prohibited direct or indirect interest, financial or otherwise, in the property or the transaction for which the appraisal or appraisal management functions are performed, within the meaning of Section 226.42(d) of Title 12 of the Code of Federal Regulations and the accompanying commentary contained in Volume 75 of the Federal Register, page 66554, dated October 28, 2010.

California § 11345.7. (11345.7. (Added by Stats. 2011, Ch. 716, Sec. 4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.