2011 Connecticut Code
Title 36a The Banking Law of Connecticut
Chapter 669 Regulated Activities
Sec. 36a-760j. Prohibition against influencing real estate appraisals.

      Sec. 36a-760j. Prohibition against influencing real estate appraisals. No person shall influence real estate appraisals of residential property. For the purposes of this section, "influence residential real estate appraisals" includes, but is not limited to: (1) Refusal, or intentional failure, to pay an appraiser for an appraisal that reflects a fair market value estimate that is less than the sale contract price; or (2) refusal, or intentional failure, to utilize, or encouraging other mortgage brokers not to utilize, an appraiser based solely on the fact that the appraiser provided an appraisal reflecting a fair market value estimate that was less than the sale contract price.

      (P.A. 08-176, S. 81; P.A. 09-209, S. 26.)

      History: P.A. 08-176 effective July 1, 2008; P.A. 09-209 changed "A mortgage broker shall not influence" to "No person shall influence", effective July 31, 2009.