North Dakota § 43-23.5-17 Requirement of appraisal management company's payment to appraiser

North Dakota Statutes

§ 43-23.5-17 — Requirement of appraisal management company's payment to appraiser

North Dakota § 43-23.5-17

Title 43Occupations and Professions

Ch. 43-23.5Appraisal Management Companies

This text of North Dakota § 43-23.5-17 (Requirement of appraisal management company's payment to appraiser) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 43-23.5-17 (2026).

Text

1.An appraisal management company shall, except in bona fide cases of breach of contract or substandard performance of services, make payment to an independent appraiser for the completion of an appraisal or valuation assignment within forty-five days of the date on which the appraiser transmits or otherwise provides the completed appraisal or valuation assignment to the company or its assignee unless a mutually agreed-upon alternate arrangement has been previously established.

2.An appraisal management company seeking to be registered or to renew an existing registration in this state shall certify that the company will require appraisals to be conducted independently as required by the appraisal independence standards under section 129E of the Truth in Lending Act, including the requir

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1. An appraisal management company shall, except in bona fide cases of breach of
contract or substandard performance of services, make payment to an independent
appraiser for the completion of an appraisal or valuation assignment within forty-five
days of the date on which the appraiser transmits or otherwise provides the completed
appraisal or valuation assignment to the company or its assignee unless a mutually
agreed-upon alternate arrangement has been previously established.
2. An appraisal management company seeking to be registered or to renew an existing
registration in this state shall certify that the company will require appraisals to be
conducted independently as required by the appraisal independence standards under
section 129E of the Truth in Lending Act, including the requirements of payment or a
reasonable and customary fee to independent appraisers when the appraisal
management company is providing services for a consumer credit transaction secured
by the principal dwelling of a consumer.