California Business and Professions Code

§ 11345.5

BPC § 11345.5 Effective Jan 1, 2018Div. 4 · Part 3 · Ch. 4

Statute text

For purposes of subdivision (d) of Section 11302 and determining whether, within a 12-month period, an appraisal management company oversees an appraiser panel of more than 15 state-certified or state-licensed appraisers in a state or 25 or more state-certified or state-licensed appraisers in two or more states:

(a)An appraiser is deemed part of the appraisal management company’s appraiser panel as of the earliest date on which the appraisal management company does either of the following:

(1)Accepts the appraiser for the appraisal management company’s consideration for future appraisal assignments in covered transactions or for secondary mortgage market participants in connection with covered transactions.

…

Legislative history

Added by Stats. 2017, Ch. 429, Sec. 69. (SB 547) Effective January 1, 2018.