Effective: October 17, 2019
Latest Legislation: House Bill 166 - 133rd General Assembly
(A) An appraisal management company shall not remove the appraiser from its appraiser panel or otherwise refuse to assign requests for real estate appraisal services to the appraiser without first doing both of the following:
(1) Notifying the appraiser in writing of the reasons the appraiser is being removed from the appraiser panel or is refused assignment requests for appraisal services;
(2) Providing the appraiser with an opportunity to respond to that notification, in writing, within ten business days after the appraisal management company sends the removal notification.
(B) The notice described in division (A)(1) of this section shall be sent by a delivery system that delivers letters, packages, and other materials in its ordinary course of business with traceable delivery and signature receipt. An appraisal management company that sends such notice shall keep a copy of the notice for at least five years from the date the notice is sent to the appraiser.
(C) Nothing in this section prohibits an appraisal management company from suspending an appraiser from receiving assignment requests during the period described in division (A)(2) of this section.
Structure Ohio Revised Code
Title 47 | Occupations-Professions
Chapter 4768 | Appraisal Management Companies
Section 4768.01 | Definitions.
Section 4768.02 | Prohibited Acts.
Section 4768.03 | Duties of Real Estate Appraiser Board.
Section 4768.04 | Duties of Superintendent.
Section 4768.05 | Authority to Subpoena Witnesses and to Compel Production of Documents.
Section 4768.06 | Applicants for Appraisal Management Company License.
Section 4768.07 | Renewal License.
Section 4768.08 | Grounds for Denial of License.
Section 4768.09 | Removal of Appraiser From Appraiser Panel.
Section 4768.10 | Recordkeeping.
Section 4768.11 | Improper Influence; Prohibited Acts.
Section 4768.12 | Compensation of Appraisers.
Section 4768.13 | Disciplinary Actions.
Section 4768.14 | Investigations.
Section 4768.15 | Deposits to Real Estate Appraiser Operating Fund.