§37:3415.16. Appraiser independence; prohibitions
RS 37:3415.16 – Appraiser independence; prohibitions A. It shall be unlawful for any employee, director, officer, or agent of an appraisal management company licensed in this state pursuant to this Chapter to influence or attempt to influence the development, reporting, or review of an appraisal through coercion, extortion, collusion, compensation, instruction, inducement, intimidation, bribery, or […]
§37:3415.17. Alteration of appraisal reports
RS 37:3415.17 – Alteration of appraisal reports An appraisal management company shall not alter, modify, or otherwise change a completed real estate appraisal service report submitted by an appraiser. Acts 2009, No. 502, §1, eff. Jan. 1, 2010.
§37:3415.18. Adjudication of disputes between an appraisal management company and an appraiser
RS 37:3415.18 – Adjudication of disputes between an appraisal management company and an appraiser A. An appraisal management company shall not remove an appraiser from its appraiser panel, or otherwise refuse to assign requests for real estate appraisal services to an independent appraiser without doing all of the following: (1) Notifying the appraiser in writing […]
§37:3415.19. Enforcement
RS 37:3415.19 – Enforcement A. The board may censure an appraisal management company, conditionally or unconditionally suspend, or revoke any license issued under this Chapter, levy fines or impose civil penalties not to exceed fifty thousand dollars, if in the opinion of the board, an appraisal management company is attempting to perform, is performing, has […]
§37:3415.20. Disciplinary hearings
RS 37:3415.20 – Disciplinary hearings A. The conduct of adjudicatory proceedings in accordance with the Administrative Procedure Act for violations of this Chapter is vested in the board, subject to the following provisions: (1) Before censuring, suspending, or revoking any registration, the board shall notify the licensee in writing of any charges made, at least […]
§37:3415.21. Rulemaking authority
RS 37:3415.21 – Rulemaking authority A. The board may adopt any rules and regulations in accordance with the Administrative Procedure Act necessary for the enforcement of this Chapter. B. Repealed by Acts 2014, No.764, §1. Acts 2009, No. 502, §1, eff. Jan. 1, 2010; Acts 2012, No. 429, §1, eff. May 31, 2012; Acts 2014, […]
§37:3415.22. Federal registry requirements
RS 37:3415.22 – Federal registry requirements A. The board shall collect from each appraisal management company that is registered or seeking to be registered in this state the information that the appraisal subcommittee, as described in R.S. 37:3395, requires to be submitted to it by the state pursuant to regulations promulgated by the appraisal subcommittee, […]
§37:3415.14. Record keeping
RS 37:3415.14 – Record keeping Each appraisal management company seeking to be licensed in this state shall certify to the board on an annual basis that it maintains a detailed record for five years of each real estate appraisal service request that it receives including the fee paid by the lenders to all appraisers for […]
§37:3415.15. Fees; customary and reasonable; disclosure
RS 37:3415.15 – Fees; customary and reasonable; disclosure A. An appraisal management company shall compensate appraisers at a rate that is customary and reasonable for appraisals being performed in the market area of the property being appraised, consistent with the requirements of 15 U.S.C. 1639(e) and the final federal rules as provided for in the […]
§37:3415.6. Expiration of license
RS 37:3415.6 – Expiration of license All licenses granted by the board pursuant to this Chapter shall expire December thirty-first of each calendar year. Acts 2009, No. 502, §1, eff. Jan. 1, 2010; Acts 2011, No. 114, §1.