Effective: December 14, 2018
Latest Legislation: House Bill 213 - 132nd General Assembly
(A) Subject to division (B) of this section, no person shall perform or prepare a real estate appraisal, appraisal report, or real estate appraisal review for a mortgage loan, unless the person is licensed or certified under this chapter to do the appraisal.
(B) Division (A) of this section does not apply to a lender using a market analysis or price opinion, an internal valuation analysis, or an automated valuation model or report based on an automated valuation model, and any person providing that report to the lender to validate or support the value conclusion provided by the person licensed or certified under this chapter to do the appraisal.
Structure Ohio Revised Code
Title 47 | Occupations-Professions
Chapter 4763 | Real Estate Appraisers
Section 4763.01 | Real Estate Appraiser Definitions.
Section 4763.02 | Real Estate Appraiser Board.
Section 4763.03 | Duties of Board.
Section 4763.04 | Powers of Board or Superintendent.
Section 4763.05 | Applying for Initial Certificate, License or Registration.
Section 4763.06 | Renewing Certificate, License or Registration.
Section 4763.07 | Continuing Education.
Section 4763.08 | Certificate, Registration or License Term.
Section 4763.10 | Refusal to Issue or Renew Certificate, Registration or License.
Section 4763.11 | Disciplinary Actions.
Section 4763.12 | Certified Appraisal or Certified Appraisal Report.
Section 4763.13 | Compliance With Standards.
Section 4763.14 | Record Retention and Maintenance.
Section 4763.15 | Real Estate Appraiser Operating Fund.
Section 4763.16 | Real Estate Appraiser Recovery Fund.
Section 4763.17 | Liability for Damages.
Section 4763.18 | Effect of Child Support Default on License, or Certificate.
Section 4763.19 | Appraisal for Mortgage Loan by Unlicensed Person Prohibited.
Section 4763.20 | Compliance With Law Regarding Sanctions for Human Trafficking.