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Does the Code require a lender to report appraisers to the applicable State certifying and licensing agency?

April 26, 2017agency applicable appraisers certifying code Lender licensing report require State

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Does the Code require a lender to report appraisers to the applicable State certifying and licensing agency?

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Yes, if a lender has reason to believe an appraiser is violating applicable laws or otherwise engaging in unethical conduct, they shall promptly refer the matter to the applicable board or agency.