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What does the Code require a lender to do if a lender has reason to believe that an appraiser or AMC is violating the law or practicing unethical conduct?

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What does the Code require a lender to do if a lender has reason to believe that an appraiser or AMC is violating the law or practicing unethical conduct?

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As outlined in Section VII of the Code, the lender must promptly refer the matter to the applicable state appraiser certifying and licensing agency.

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