New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 40A - STATE BOARD OF REAL ESTATE APPRAISERS
Subchapter 9 - APPRAISAL MANAGEMENT COMPANIES
Section 13:40A-9.10 - Payment to appraiser

Universal Citation: NJ Admin Code 13:40A-9.10
Current through Register Vol. 56, No. 18, September 16, 2024

Each appraisal management company shall, except in bona fide cases of breach of contract or substandard performance of services, make payment to an appraiser for the completion of an appraisal or valuation assignment within 60 days of the date on which the appraiser transmits or otherwise provides the completed appraisal or valuation study to the appraisal management company or its assignee, unless a mutually agreed upon alternate arrangement has been previously established, which agreement shall be considered to be under the appraiser independence requirements of section 1639e of the Federal Truth in Lending Act, Pub. L. 90-321 (15 U.S.C. § 1639e) .

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