Colorado § 12-10-721 Prohibited conduct - influencing a real estate appraisal

Colorado Statutes

§ 12-10-721 — Prohibited conduct - influencing a real estate appraisal

Colorado·Title 12 Professions·Art. Real Estate

(1)A mortgage loan originator shall not, directly or indirectly, compensate, coerce, or intimidate an appraiser, or attempt, directly or indirectly, to compensate, coerce, or intimidate an appraiser, for the purpose of influencing the independent judgment of the appraiser with respect to the value of a dwelling offered as security for repayment of a residential mortgage loan. This prohibition shall not be construed as prohibiting a mortgage loan originator from requesting an appraiser to:

(a)Consider additional, appropriate property information;

(b)Provide further detail, substantiation, or explanation for the appraiser's value conclusion; or

(c)Correct errors in the appraisal report.

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(1) A
mortgage loan originator shall not, directly or indirectly, compensate, coerce, or
intimidate an appraiser, or attempt, directly or indirectly, to compensate, coerce, or
intimidate an appraiser, for the purpose of influencing the independent judgment of
the appraiser with respect to the value of a dwelling offered as security for
repayment of a residential mortgage loan. This prohibition shall not be construed as
prohibiting a mortgage loan originator from requesting an appraiser to:

(a) Consider additional, appropriate property information;

(b) Provide further detail, substantiation, or explanation for the appraiser's
value conclusion; or

(c) Correct errors in the appraisal report.

Colorado § 12-10-721 (Prohibited conduct - influencing a real estate appraisal) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.