Section 286.2-030 - Prohibition against improperly influencing a mortgage loan real estate appraisal(1) For the purpose of this section, "person" means an individual, partnership, limited liability company, limited partnership, corporation, association, or other group engaged in joint business activities, however organized.(2) It is unlawful for any person in the course of a mortgage transaction to improperly influence the development, report, result, or review of a real estate appraisal sought in connection with a mortgage loan. Nothing in this section shall be construed to prohibit a person from requesting an appraiser to do one (1) or more of the following: (a) Consider additional appropriate property information;(b) Provide further detail, substantiation, or explanation for the appraiser's conclusion of value; or(c) Correct errors in the appraisal report.Effective:4/24/2008
Created 2008, Ky. Acts ch. 175, sec. 3, effective4/24/2008.