<?xml version='1.0' encoding='utf-8'?>
<section article="gbo" article_name="Business Occupations and Professions" number="16-5B-12" title_number="16" title_name="Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors" subtitle_number="5B" subtitle_name="Real Estate Appraisal Management Companies">
  <text>An appraisal management company shall inform the Commission when the appraisal management company has a reasonable basis to believe that:</text>
  <level label="1">
    <text>an appraiser has:</text>
    <level label="i">
      <text>failed to comply with the Uniform Standards of Professional Appraisal Practice;</text>
    </level>
    <level label="ii">
      <text>violated applicable laws; or</text>
    </level>
    <level label="iii">
      <text>engaged in unethical or unprofessional conduct; and</text>
    </level>
  </level>
  <level label="2">
    <text>the appraiser’s conduct under item (1) of this section is likely to affect the value assigned to the consumer’s principal dwelling.</text>
  </level>
</section>
