§ 16-5B-12

Maryland § 16-5B-12

• Jurisdiction: Maryland
• Article gbo: Business Occupations and Professions
• Title: 16

Text

An appraisal management company shall inform the Commission when the appraisal management company has a reasonable basis to believe that:

(1) an appraiser has:

(i) failed to comply with the Uniform Standards of Professional Appraisal Practice;

(ii) violated applicable laws; or

(iii) engaged in unethical or unprofessional conduct; and

(2) the appraiser’s conduct under item (1) of this section is likely to affect the value assigned to the consumer’s principal dwelling.