The following article has been published on readimember.org for LIA-insured appraisers and other members of READI.
“The slides below are from a presentation by Peter Christensen regarding liability risks to appraisers and AMCs stemming from the primary appraisal sections of the Dodd-Frank Act. Of the three sections addressed in the slides, only section 1472 (Appraisal Independence) is currently in effect. However, the other two sections 1471 and 1474 are worth discussing and understanding at this time because their provisions relate to current liability issues that appraisers and AMCs face. Please note that these slides were prepared as of May 25, 2011. Future developments and regulations will significantly impact the subject matter presented in these slides. Section 1473 (AMC registration and regulation) is not discussed in this presentation.”
The full text of the article is available at readimember.org for LIA-insured appraisers and other appraiser members of READI.