Maryland § 1-208
Full text of Maryland Maryland Code § 1-208, with citation guidance and answers to common questions.
§ 1-208.
(a) The directors and officers of a financial institution shall develop and implement written:
(1) Policies governing real estate appraisal; and
(2) Procedures governing the hiring and performance of real estate appraisers.
(b) The procedures required under subsection (a)(2) of this section shall set forth specific factors to be considered by the financial institution’s directors and officers, including:
(1) Whether the appraiser is licensed or certified under the Business Occupations and Professions Article; and
(2) The real estate appraiser’s:
(i) Professional education; and
(ii) Experience in real estate appraising.
(c) Prior to implementation, a financial institution shall submit its real estate appraisal policies and procedures to the Commissioner for review and approval.
Frequently Asked Questions About Maryland § 1-208
What does Maryland Code § 1-208 cover?
Section 1-208 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 1-208?
A common citation format is "Maryland Code § 1-208" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 1-208 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.