California Business and Professions Code

§ 11345.4

BPC § 11345.4 Effective Jan 1, 2012Div. 4 · Part 3 · Ch. 4

Statute text

No person or entity acting in the capacity of an appraisal management company shall improperly influence or attempt to improperly influence the development, reporting, result, or review of any appraisal through coercion, extortion, inducement, collusion, bribery, intimidation, compensation, or instruction. Prohibited acts include, but are not limited to, the following:

(a)Seeking to influence an appraiser to report a minimum or maximum value for the property being valued. Such influence may include, but is not limited to, the following:

(1)Requesting that an appraiser provide a preliminary estimate or opinion of value for one or more properties prior to entering into a contract with that appraiser for appraisal services related to that property or properties.

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Legislative history

Amended by Stats. 2011, Ch. 716, Sec. 3. (SB 6) Effective January 1, 2012.