Nevada Revised Statutes 645C.557 – Prohibition on improperly influencing or attempting to improperly influence appraisal; appraisals to be conducted in accordance with appraisal independence requirements
1. A person with an interest in a real estate transaction involving an appraisal shall not improperly influence or attempt to improperly influence, through coercion, extortion or bribery, the development, reporting, result or review of the appraisal.
Terms Used In Nevada Revised Statutes 645C.557
- Appraisal: A determination of property value.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. An appraiser shall conduct all appraisals independently, as required by the appraisal independence requirements pursuant to 15 U.S.C. § 1639e and the rules or regulations issued thereunder.
3. Subsection 1 does not prohibit a person with an interest in a real estate transaction from requesting that an appraiser:
(a) Consider additional appropriate property information;
(b) Provide further detail, substantiation or explanation for the appraiser’s conclusion as to value; or
(c) Correct errors in an appraisal.