An appraisal management company that has a reasonable basis to believe an appraiser has failed to comply with applicable laws, the Uniform Standards of Professional Appraisal Practice or other ethical or professional requirements in connection with a consumer credit transaction secured by a consumer's principal dwelling, shall refer the matter to the agency if the failure to comply is material.For purposes of this section, a failure to comply is material if it is likely to significantly affect the value assigned to the consumer's principal dwelling.
Structure Mississippi Code
Title 73 - Professions and Vocations
Chapter 34 - Real Estate Appraisers
Mississippi Appraisal Management Company Registration Act
§ 73-34-107. Completion of irrevocable uniform consent to service of process
§ 73-34-115. Proper level of licensure required for Standard 3 appraisal reviews
§ 73-34-119. Retention of records
§ 73-34-129. Removal of independent appraiser from appraiser panel of appraisal management company
§ 73-34-131. Adjudicatory proceedings for violation of Sections 73-34-101 through 73-34-131