Each appraisal management company shall, except in cases of breach of contract or substandard performance of services, make payment to an appraiser for the completion of an appraisal or valuation assignment within sixty (60) days, unless a mutually agreed upon alternate payment schedule exists, from when the appraiser transmits or otherwise provides the completed appraisal or valuation study to the appraisal management company or its assignee.
Structure 2021 Tennessee Code
Title 62 - Professions, Businesses and Trades
Chapter 39 - State Licensing and Certified Real Estate Appraisers Law
Part 4 - Tennessee Appraisal Management Company Registration and Regulation Act
§ 62-39-405. Application for Registration
§ 62-39-406. Length of Validity of Registration
§ 62-39-407. Completion of Irrevocable Uniform Consent to Service of Process
§ 62-39-411. Appraisal Management Company Restrictions
§ 62-39-416. Biennial Certification of System for Periodic Appraisal Review
§ 62-39-420. Prohibited Requirements
§ 62-39-421. Payment Deadlines to Appraisers
§ 62-39-425. Grounds for Censure, Suspension or Revocation of Registration
§ 62-39-426. Adjudicatory Proceedings