Nev. Rev. Stat. § 645C.557

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 645C.557 - Prohibition on improperly influencing or attempting to improperly influence appraisal; appraisals to be conducted in accordance with appraisal independence requirements
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.

NRS 645C.557

Added to NRS by 2009, 1512; A 2019, 483
Amended by 2019, Ch. 91,§20, eff. 7/1/2019.
Added to NRS by 2009, 1512