49 Pa. Code § 36.437 - Duties of compliance persons
(a) An appraisal management company is
subject to disciplinary action under AMCRA and this subchapter for the acts or
omissions of a compliance person who fails to perform a duty in this
section.
(b) A compliance person
shall ensure compliance of an appraisal management company with section 8 of
AMCRA (63 P.S. §
457.28).
(c) An appraisal management company, acting
through its compliance person , shall report to the Bureau , directly or through
another agent of the appraisal management company, a material violation as
defined under section 129E(e) of TILA (15 U.S.C.A. §
1639e(e)) and corresponding
regulations regarding appraisal independence requirements.
(d) A compliance person who has a reasonable
basis to believe that an appraisal management company, its employee or its
agent has violated appraisal independence requirements of AMCRA or this
subchapter shall report the matter to the Bureau within a reasonable time after
formulating the belief that a violation has occurred.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.