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Nevada Revised Statutes Title 54. Professions, Occupations and Businesses § 645C.557. Prohibition on improperly influencing or attempting to improperly influence appraisal; appraisals to be conducted in accordance with appraisal independence requirements

Current as of January 01, 2025 | Updated by Findlaw Staff

1. A person with an interest in a real estate transaction involving an appraisal shall not improperly influence or attempt to improperly influence, through coercion, extortion or bribery, the development, reporting, result or review of the appraisal.

2. An appraiser shall conduct all appraisals independently, as required by the appraisal independence requirements pursuant to 15 U.S.C. § 1639e and the rules or regulations issued thereunder.

3. Subsection 1 does not prohibit a person with an interest in a real estate transaction from requesting that an appraiser:

(a) Consider additional appropriate property information;

(b) Provide further detail, substantiation or explanation for the appraiser's conclusion as to value; or

(c) Correct errors in an appraisal.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 54. Professions, Occupations and Businesses § 645C.557. Prohibition on improperly influencing or attempting to improperly influence appraisal; appraisals to be conducted in accordance with appraisal independence requirements - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-54-professions-occupations-and-businesses/nv-rev-st-645c-557/

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