South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:14 - APPRAISERS
Chapter 20:14:08 - Appraiser independence
Section 20:14:08:01 - Staff appraiser independence required
Universal Citation: SD Admin Rules 20:14:08:01
Current through Register Vol. 50, page 114, March 25, 2024
If an appraisal is prepared by a staff appraiser who is an employee of a financial institution, that appraiser must be independent of the lending, investment, and collection functions and not involved, except as an appraiser, in the transaction. The appraiser may have no direct or indirect interest, financial or otherwise, in the property.
General Authority: SDCL 36-21B-3.
Law Implemented: SDCL 36-21B-1, 36-21B-3(13)(16).
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