§ 543d-18a

543D.18A Penalties for improper influence of an appraisal assignment. 1. A mortgage lender, mortgage broker or originator, real estate broker or salesperson, client, party, appraiser, or any other person with an interest in a real estate transaction orthe financing of any loan secured by real estate involving an appraisal assignment shall notimproperly influence or attempt to improperly influence the development, reporting, result, orreview of a real estate appraisal through coercion, extortion, or bribery, or by the withholdingor threatened withholding of payment for an appraisal fee, or the conditioning of the paymentof an appraisal fee upon the opinion, conclusion, or valuation to be reached, or a requestthat the appraiser report a predetermined opinion, conclusion, or valuation, or the desiredvaluation of any person, or by any other act or practice that impairs or attempts to impairan appraiser’s independence, objectivity, and impartiality, as required by section 543D.18,subsections 1 and 2. 2. A violation of this section is an unlawful practice under section 714.16, subsection 2, paragraph 'a'. 3.

ndence, objectivity, and impartiality, as required by section 543D.18,subsections 1 and 2. 2. A violation of this section is an unlawful practice under section 714.16, subsection 2, paragraph 'a'. 3. A violation of this section is a ground for discipline against any person holding a certificate of registration under this chapter or another license issued under the laws ofthe state of Iowa, as license is defined in section 17A.2, subsection 6, if the practice of theprofession, occupation, or business regulated by the license relates to real estate transactionsor the financing of loans secured by real estate. 4. A person does not violate this section solely by asking an appraiser to consider additional, appropriate property information, or to provide further detail, substantiation, orexplanation for the appraiser’s value conclusion, or to correct errors in the appraisal report,or by withholding payment of an appraisal fee based on a bona fide dispute regardingthe appraiser’s compliance with the appraisal standards adopted by the board under thischapter. A person does not violate this section solely by retaining appraisers from panelsor lists on a rotating basis, or by supplying an

with the appraisal standards adopted by the board under thischapter. A person does not violate this section solely by retaining appraisers from panelsor lists on a rotating basis, or by supplying an appraiser with information the appraiser isrequired to analyze under the appraisal standards adopted by the board under this chapter,such as agreements of sale, options, or listings of the property to be valued. 2007 Acts, ch 72, §5Referred to in §543D.21, 543E.8, 543E.14, 543E.15, 543E.18 Sat Dec 23 01:46:14 2023 Iowa Code 2024, Section 543D.18A (18, 0)