|
REFERENCE TITLE: appraisers; civil penalty |
|
State of Arizona Senate Forty-ninth Legislature Second Regular Session 2010
|
|
SB 1353 |
|
|
|
Introduced by Senators McCune Davis: Nelson
|
AN ACT
amending section 32‑3635, Arizona Revised Statutes; relating to the state board of appraisal.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 32-3635, Arizona Revised Statutes, is amended to read:
32-3635. Standards of practice; civil penalty
A. A state licensed or state certified appraiser shall comply with the standards of professional appraisal practice adopted by the board.
B. An appraisal or appraisal report shall not be issued by a real estate appraiser unless it meets the appraisal standards established by this chapter and rules adopted pursuant to this chapter.
C. An appraisal review report shall clearly indicate the nature of the review process undertaken and shall separate the review function from any other functions.
D. All federally related appraisals shall be in writing.
E. The board shall impose a civil penalty of at least one hundred dollars and not more than five hundred dollars for each violation of this section.