Sec.20-529e-7. Unprofessional conduct

(a) An appraisal management company commits unprofessional conduct when the appraisal management company:

(1) Intentionally influences or attempts to intentionally influence the development of an appraisal report, review or consulting assignment;

(2) Requires an appraiser to modify any aspect of the appraisal report, unless the modification complies with section 20-529b(e) of the Connecticut General Statutes;

(3) Requires the appraiser to do anything that conflicts with the USPAP or any assignment conditions or certifications required by the client; or

(4) Makes any portion of the appraiser's fee or the appraisal management company’s fee contingent on a favorable outcome, including but not limited to, a loan closing or a specific dollar amount being achieved by the appraiser in the appraisal report.

(b) A person or entity commits unprofessional conduct when said person or entity:

(1) Presents or attempts to present, as such person’s own, another person’s or entity’s certificate of registration; or

(2) Knowingly gives false evidence of a material nature to the commissioner for the purpose of procuring a certificate of registration.

(Effective November 10, 2015; Amended September 30, 2021)