§ 62-41-103. Rules and Regulations
The commissioner of environment and conservation, in consultation with the commissioner of commerce and insurance, has the authority to promulgate rules and regulations for the purpose of establishing an asbestos contractor accreditation program for this state. The commissioner shall prescribe in the rules and regulations any fees to be paid in order for a contractor […]
§ 62-43-101. Short Title
This chapter shall be known and may be cited as the “Tennessee Professional Employer Organization Act.”
§ 62-39-419. Improper Influence — Proper Requests for Information
No employee, director, officer, or agent of an appraisal management company shall influence or attempt to influence the development, reporting, or review of an appraisal through coercion, extortion, collusion, inducement, intimidation, bribery or in any other manner, including but not limited to: Withholding or threatening to withhold timely payment for an appraisal, except in cases […]
§ 62-39-420. Prohibited Requirements
An appraisal management company shall not: Require an appraiser to modify any aspect of an appraisal report unless the modification complies with § 62-39-419; Require an appraiser to prepare an appraisal if the appraiser, in the appraiser’s own independent professional judgment, believes the appraiser does not have the necessary expertise for the assignment or for […]
§ 62-39-421. Payment Deadlines to Appraisers
Each appraisal management company shall, except in cases of breach of contract or substandard performance of services, make payment to an appraiser for the completion of an appraisal or valuation assignment within sixty (60) days, unless a mutually agreed upon alternate payment schedule exists, from when the appraiser transmits or otherwise provides the completed appraisal […]
§ 62-39-422. Alterations, Modifications and Changes to Completed Appraisals Prohibited — Providing Appraiser’s Digital Signature or Seal
An appraisal management company may not alter, modify, or otherwise change a completed appraisal report submitted by an appraiser by: Permanently removing the appraiser’s signature or seal; or Adding information to, or removing information from, the appraisal report with an intent to change the valuation conclusion. No registered appraisal management company may require an appraiser […]
§ 62-39-423. Unique Registration Number — Publication of List of Registrations — Disclosure of Registration Number
The commission shall issue a unique registration number to each appraisal management company. The commission shall publish a list of the appraisal management companies that have registered pursuant to this part and have been issued a registration number. An appraisal management company shall be required to disclose the registration number on each engagement letter utilized […]
§ 62-39-424. Removal of an Appraiser From Appraiser Panel
An appraisal management company may not remove an appraiser from its appraiser panel, or otherwise refuse to assign requests for real estate appraisal services to an appraiser without: Notifying the appraiser in writing of the reasons why the appraiser is being removed from the appraiser panel of the appraisal management company; If the appraiser is […]
§ 62-39-425. Grounds for Censure, Suspension or Revocation of Registration
The commission may censure an appraisal management company, conditionally or unconditionally suspend or revoke any registration issued under this part or impose administrative fines not to exceed the maximum allowable amount defined by the state of Tennessee, if an appraisal management company is: Knowingly committing any act in violation of this part; Violating any rule […]
§ 62-39-416. Biennial Certification of System for Periodic Appraisal Review
Each registered appraisal management company shall certify to the commission on a biennial basis that it has a system in place to perform an appraisal review on a periodic basis of the work of all appraisers who are performing appraisals in Tennessee for the appraisal management company to validate that the appraisals are being conducted […]