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§ 30-38a-14 — West Virginia Law | CourtGPT
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  5. Article 38a - Appraisal Management Companies Registration Act§30-38a-1. Unlawful Acts/
  6. § 30-38a-14
West Virginia Legal Code

§ 30-38a-14

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An appraisal management company commits unprofessional conduct if it:(1) Requires an appraiser to modify an aspect of an appraisal which modification is not related to substandard performance or noncompliance with the terms of a contract or agreement;(2) Requires an appraiser to prepare an appraisal when the appraiser believes, in his or her own professional judgment and notifies the appraisal management company in a timely manner, that the appraiser does not have the necessary expertise for the specific geographic area or is otherwise not competent to perform the appraisal;(3) Requires an appraiser to prepare an appraisal under a certain time frame that the appraiser believes, in his or her own professional judgment and notifies the appraisal management company in a timely manner, that the appraiser does not have the necessary time to meet all the necessary and relevant legal and professional obligations;(4) Prohibits or inhibits communication between an appraiser and any other person from whom the appraiser, in the appraiser's own professional judgment, believes information would be relevant;(5) Requests an appraiser to do anything that does not comply with:(A) The USPAP; or(B)

n from whom the appraiser, in the appraiser's own professional judgment, believes information would be relevant;(5) Requests an appraiser to do anything that does not comply with:(A) The USPAP; or(B) The requests of the client; or(6) Makes any portion of the appraiser's fee or the appraisal management company's fee contingent on a favorable outcome, including:(A) A loan closing; or(B) An appraisal for a specific dollar amount.