Tennessee § 62-39-420 - Prohibited requirements.
Full text of Tennessee Tennessee Code Annotated § 62-39-420 — Prohibited requirements., with citation guidance and answers to common questions.
§ 62-39-420. Prohibited requirements.
An appraisal management company shall not: Require an appraiser to modify any aspect of an appraisal report unless the modification complies with § 62-39-419; Require an appraiser to prepare an appraisal if the appraiser, in the appraiser's own independent professional judgment, believes the appraiser does not have the necessary expertise for the assignment or for the specific geographic area and has notified the AMC and declined the assignment; Require an appraiser to prepare an appraisal under a time frame that the appraiser, in the appraiser's own professional judgment, believes does not afford the appraiser the ability to meet all the relevant legal and professional obligations if the appraiser has notified the AMC and declined the assignment; Prohibit or inhibit legal or other allowable communication between the appraiser and: The lender; A real estate licensee; or Any other person from whom the appraiser, in the appraiser's own professional judgment, believes information would be relevant; Knowingly require the appraiser to do anything that does not comply with: USPAP; The State Licensing and Certified Real Estate Appraisers Law, compiled in this chapter, or the rules promulgated thereunder; or Any assignment conditions and certifications required by the client; or Make any portion of the appraiser's fee or the AMC's fee contingent on a predetermined or favorable outcome, including but not limited to: A loan closing; or Specific dollar amount being achieved by the appraiser in the appraisal. Acts 2010, ch. 963, § 21.
Frequently Asked Questions About Tennessee § 62-39-420
What does Tennessee Code Annotated § 62-39-420 cover?
Section 62-39-420 ("Prohibited requirements.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. 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 Tennessee § 62-39-420?
A common citation format is "Tennessee Code Annotated § 62-39-420" (Tennessee). 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 Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 62-39-420 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee 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 Tennessee.