There is a newer version of the Kentucky Revised Statutes
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2011 Kentucky Revised Statutes
Subtitle 2. Financial Institutions Generally
286.2.030 Prohibition against improperly influencing a mortgage loan real estate appraisal.


KY Rev Stat § 286.2.030 (1996 through Reg Sess) What's This?
Download pdf

286.2-030 Prohibition against improperly influencing a mortgage loan real estate appraisal. (1) (2) For the purpose of this section, "person" means an individual, partnership, limited liability company, limited partnership, corporation, association, or other group engaged in joint business activities, however organized. It is unlawful for any person in the course of a mortgage transaction to improperly influence the development, report, result, or review of a real estate appraisal sought in connection with a mortgage loan. Nothing in this section shall be construed to prohibit a person from requesting an appraiser to do one (1) or more of the following: (a) Consider additional appropriate property information; (b) Provide further detail, substantiation, or explanation for the appraiser’s conclusion of value; or (c) Correct errors in the appraisal report. Effective: April 24, 2008 History: Created 2008 Ky. Acts ch. 175, sec. 3, effective April 24, 2008.

Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.