37-54-515. Guaranty of payment. Each appraisal management company registered in this state shall, except in cases of breach of contract, pay an appraiser for the completion of an appraisal or valuation assignment within 60 days of the date on which the appraiser transmits or otherwise provides the completed appraisal or valuation study to the appraisal management company or its assignee.
History: En. Sec. 17, Ch. 270, L. 2011.
Structure Montana Code Annotated
Title 37. Professions and Occupations
Chapter 54. Real Estate Appraisers
Part 5. Appraisal Management Companies
37-54-501. Appraisal management company registration
37-54-502. Registration exemptions
37-54-505. Employee requirements
37-54-507. Mandatory reporting
37-54-509. Certification to board -- appraisal panel members
37-54-510. Certification to board -- continuing licensure
37-54-511. Certification -- adherence to standards
37-54-514. Appraiser independence -- prohibitions
37-54-515. Guaranty of payment