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§ 16-5b-12 — Maryland Law | CourtGPT
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  2. Laws/
  3. Maryland/
  4. Business Occupations and Professions/
  5. Title 16 - Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors/
  6. Subtitle 5b - Real Estate Appraisal Management Companies/
  7. § 16-5b-12
Maryland Legal Code

§ 16-5b-12

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An appraisal management company shall inform the Commission when the appraisal management company has a reasonable basis to believe that: (1) an appraiser has: (i) failed to comply with the Uniform Standards of Professional Appraisal Practice; (ii) violated applicable laws; or (iii) engaged in unethical or unprofessional conduct; and (2) the appraiser’s conduct under item (1) of this section is likely to affect the value assigned to the consumer’s principal dwelling.