DIVISION 4. REAL ESTATE 10000-11506›PART 3. LICENSING AND CERTIFICATION OF REAL ESTATE APPRAISERS 11300-11423›CHAPTER 4. Licenses and Certification Application 11340-11346
§ 11345.7
California Business and Professions Code · 2020-11 edition · updated 2026-10-04 · California
No person or entity preparing an appraisal or performing appraisal management functions in connection with the origination, modification, or refinancing of a mortgage loan shall have a prohibited direct or indirect interest, financial or otherwise, in the property or the transaction for which the appraisal or appraisal management functions are performed, within the meaning of Section 226.42(d) of Title 12 of the Code of Federal Regulations and the accompanying commentary contained in Volume 75 of the Federal Register, page 66554, dated October 28, 2010.
(Added by Stats. 2011, Ch. 716, Sec. 4. (SB 6) Effective January 1, 2012.)
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