Tennessee Statutes
§ 62-39-416 — Biennial certification of system for periodic appraisal review
Tennessee·Title 62
Each registered appraisal management company shall certify to the commission on a biennial basis that it has a system in place to perform an appraisal review on a periodic basis of the work of all appraisers who are performing appraisals in Tennessee for the appraisal management company to validate that the appraisals are being conducted in accordance with USPAP. An AMC shall report to the commission the results of any appraisal reviews in which an appraisal is found to be substantially noncompliant with USPAP, state laws or federal laws pertaining to appraisals.
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Legislative History
Amended by 2013 Tenn. Acts, ch. 180, Secs.s 12, s 13 eff. 4/23/2013. Acts 2010 , ch. 963, § 17.
Nearby Sections
15
§ 62-1-101
Short title§ 62-1-102
Legislative intent§ 62-1-103
Chapter definitions§ 62-1-109
Persons certified under prior law§ 62-1-111
Revocation, suspension or refusal to renew license - Other penalties - Hearings - Procedure - Costs§ 62-1-112
Injunctions and restraining orders§ 62-1-113
Prohibited activities