New Jersey Statutes
§ 45:14F-33 — Applicability of act.
New Jersey·Title 45 PROFESSIONS AND OCCUPATIONS
7. The provisions of this act: a. shall apply to an appraisal management company in accordance with section 1124(a), (b) and (c) of Subtitle F of the Mortgage Reform and Anti-Predatory Lending Act of 2010, Pub.L.111-203, amending the Financial Institutions Reform Recovery and Enforcement Act (12 U.S.C. s.3353 (a), (b), (c)); and b. shall not apply to:
(1)an employee relocation management company in the course of employee relocation pursuant to its relocation policy; or (2) a person or entity that exclusively employs appraisers on an employer and employee basis for the performance of appraisals for a variety of clients or intended uses of the appraisal other than mortgage lending consumer credit transactions secured by a consumer's principal dwelling. L.2017, c.72, s.7.
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Nearby Sections
15
§ 45:14F-1
Short title§ 45:14F-10
Eligibility for licensure§ 45:14F-11
Eligibility for certification.§ 45:14F-16
Payment of application fee§ 45:14F-18
Renewal of licenses, certifications.§ 45:14F-19
Examinations for licensure, certification§ 45:14F-2
Definitions