Md. Code Ann., Bus. Occ. & Prof. § 16-5B-12
Duty of appraisal management company to report appraiser misconduct
Effective Jul 1, 2011Added by Acts 2011, c. 269, § 1, eff. July 1, 2011; Acts 2011, c. 270, § 1, eff. July 1, 2011.State of Maryland
(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.
An appraisal management company shall inform the Commission when the appraisal management company has a reasonable basis to believe that:
Added by Acts 2011, c. 269, § 1, eff. July 1, 2011; Acts 2011, c. 270, § 1, eff. July 1, 2011.