Iowa Code 543E.5 – Exemptions
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Terms Used In Iowa Code 543E.5
- Appraisal: A determination of property value.
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
543E.5 Exemptions.
This chapter shall not apply to any of the following:
1. A person that exclusively employs appraisers on an employer and employee basis for the performance of appraisals.
2. A government body, as defined in § 22.1, subsection 1, that performs appraisals or retains appraisers on behalf of the government body.
3. A federally regulated appraisal management company.
4. A department or division of an entity that provides appraisal management services only to that entity.
2016 Acts, ch 1124, §5, 32
This chapter shall not apply to any of the following:
1. A person that exclusively employs appraisers on an employer and employee basis for the performance of appraisals.
2. A government body, as defined in § 22.1, subsection 1, that performs appraisals or retains appraisers on behalf of the government body.
3. A federally regulated appraisal management company.
4. A department or division of an entity that provides appraisal management services only to that entity.
2016 Acts, ch 1124, §5, 32