Skip to main content

Maryland Code, Business Occupations and Professions § 16-5B-14

Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

(a) Except in cases of breach of contract or substandard performance of services, an appraisal management company shall pay an appraiser for the completion of each appraisal or valuation assignment within 45 days after the appraiser provides the initial completed appraisal or valuation study to the appraisal management company or its assignee.

(b)(1) The Commission may bring a disciplinary action under § 16-701.2 of this title based on a violation of subsection (a) of this section.

(2) The Commission may not recommend criminal sanctions under § 16-706 of this title based solely on subsection (a) of this section.

Cite this article: - Maryland Code, Business Occupations and Professions § 16-5B-14 - last updated December 31, 2021 |

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Copied to clipboard