New Jersey § 45:14f-38

§ 45:14f-38.

A violation of this section may constitute grounds for discipline against an appraisal

management company registered in this State. However, nothing in this act shall be construed as preventing an appraisal management

company from requesting that an appraiser provide additional information about the

basis for a valuation, correct objective factual errors in an appraisal report, or

consider additional appropriate property information. No employee, director, officer, agent, independent contractor, or other third party

acting on behalf of an appraisal management company shall do any of the following: a. procure or attempt to procure a registration or renewal by knowingly making a false

statement, submitting false information, or refusing to provide complete information

in response to a question in an application for registration or renewal; b. willfully violate this act or rules of the board pertaining thereto; c. improperly influence or attempt to improperly influence the development, reporting,

result, or a review of an appraisal through intimidation, coercion, extortion, bribery,

or any other manner, including: (1) withholding payment for appraisal services; (2) threatening to exclude an appraiser from future work or threatening to demote

or terminate in order to improperly obtain a desired result; (3) conditioning payment of an appraisal fee upon the opinion, conclusion, or valuation

to be reached; or (4) requesting that an appraiser report a predetermined opinion, conclusion, or valuation

or the desired valuation of any person or entity; d. alter, amend, or change an appraisal report submitted by an appraiser without the

appraiser's knowledge and written consent; e. except within the first 90 days after an independent appraiser is added to an appraiser

panel, remove an independent appraiser from an appraiser panel without prior written

notice to the appraiser, with the prior written notice including evidence of the following,

if applicable: (1) the appraiser's illegal conduct; (2) a violation of the Uniform Standards of Professional Appraiser Practice, this

act or the rules adopted by the board; (3) improper or unprofessional conduct; and (4) substandard performance or other substantive deficiencies; f. require an appraiser to sign any indemnification agreement that would require the

appraiser to defend and hold harmless the appraisal management company or any of its

agents or employees for any liability, damage, losses, or claims arising out of the

services performed by the appraisal management company or its agents, employees, or

independent contractors and not the services performed by the appraiser; g. prohibit lawful communications between the appraiser and any other person who the

appraiser, in the appraiser's professional judgment, believes possesses information

that would be relevant; h. engage in any other act or practice that impairs or attempts to impair a real estate

appraiser's independence, objectivity, and impartiality; i. fail to timely respond to any subpoena or any other request for information; j. fail to timely obey an administrative order of the board; or k. fail to fully cooperate in any investigation.