Maine Revised Statutes Title 32 Sec. 14049-H – Mandatory reporting
Current as of: 2023 | Check for updates
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Terms Used In Maine Revised Statutes Title 32 Sec. 14049-H
- Appraisal: A determination of property value.
- Appraisal management company: means a person that:
A. See Maine Revised Statutes Title 32 Sec. 14042Appraiser: means a person licensed under chapter 124. See Maine Revised Statutes Title 32 Sec. 14042 Board: means the Board of Real Estate Appraisers under section 14011. See Maine Revised Statutes Title 32 Sec. 14042
An appraisal management company that has a reasonable basis to believe an appraiser is failing to comply with the Uniform Standards of Professional Appraisal Practice in a manner that materially affects the conclusion of value contained in an appraisal report, is violating applicable laws or is otherwise engaging in unethical or unprofessional conduct shall refer the matter to the board. [PL 2017, c. 475, Pt. D, §1 (REEN).]
SECTION HISTORY
PL 2017, c. 270, §1 (NEW). PL 2017, c. 475, Pt. D, §1 (REEN). MRSA T. 32 §14049-K, sub-§1 (RP).