58-4718. Same; prompt payment. Except in bona fide cases of breach of contract or substandard performance of services, each AMC shall make payment to an appraiser for the completion of an appraisal or valuation assignment within 45 days of the date on which the appraiser transmits or otherwise provides the completed appraisal or valuation study to the AMC or its assignee unless a mutually agreed upon alternate arrangement has been previously established in good faith.
History: L. 2012, ch. 93, ยง 18; July 1.
Structure Kansas Statutes
Chapter 58 - Personal And Real Property
Article 47 - Kansas Appraisal Management Company Registration Act
58-4701 Kansas appraisal management company registration act; citation of act.
58-4704 Same; application for registration; transmission of information to national registry.
58-4705 Same; exemptions from registration.
58-4706 Same; registration period.
58-4707 Same; requirements for nonresident applicants; investigation.
58-4708 Same; fees; collection and remittance.
58-4709 Same; limitation on ownership interest in an AMC; conditions.
58-4710 Same; designation of controlling person for AMC.
58-4711 Same; AMC appraiser requirements.
58-4712 Same; appraisal review reporting.
58-4713 Same; record keeping required; inspection of records.
58-4715 Same; unlawful acts; registration required.
58-4717 Same; prohibited acts.
58-4719 Same; modification of appraisal prohibited.
58-4720 Same; registration number.
58-4721 Same; removal of appraiser, limitation.
58-4722 Same; denial of registration or renewal thereof; grounds.
58-4723 Same; penalties; hearing.