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Utah Code Title 61. Securities Division--Real Estate Division § 61-2e-306. Removal of appraiser from appraisal panel

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

(1) An appraisal management company may not remove the appraiser from the appraisal management company's appraiser panel, or otherwise refuse to assign a request for a real estate appraisal activity to the appraiser without:

(a) notifying the appraiser in writing of:

(i) the reason why the appraiser is being removed from the appraiser panel of the appraisal management company; and

(ii) the nature of the alleged conduct or violation if the appraiser is being removed from the appraiser panel for:

(A) illegal conduct; or

(B) a violation of the applicable appraisal standards; and

(b) providing an opportunity for the appraiser to respond to the notification under Subsection (1)(a).

(2) The board, with the concurrence of the division, may establish by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, requirements consistent with this section regarding the removal of an appraiser from an appraisal panel.

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Cite this article: FindLaw.com - Utah Code Title 61. Securities Division--Real Estate Division § 61-2e-306. Removal of appraiser from appraisal panel - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-61-securities-division-real-estate-division/ut-code-sect-61-2e-306/

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