49 Pa. Code § 36.411 - Qualifications for registration as appraisal management company
(a) An appraisal
management company that is authorized to conduct business in this Commonwealth
shall establish and maintain the requirements in this section during the period
in which it offers or provides appraisal management services.
(b) An appraisal management company shall
have a compliance person.
(c) An
appraisal management company shall establish and maintain procedures that
provide assurance of compliance with all of the following standards of
appraisal management services:
(1) Prevention
of conduct or practices that compromise appraiser independence.
(2) Verification of appraiser certification
and qualifications.
(3) Review of
appraisal services for compliance with USPAP.
(4) Availability of a process for resolution
of consumer complaints.
(5)
Availability of a process for resolution of appraiser complaints.
Notes
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