Sentences with phrase «appraisal has a financial interest»
Under the existing system, many appraisals come from companies in which the lender ordering the appraisal has a financial interest.
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(1) Title XI provides protection for federal financial and public policy interests in real estate related transactions by requiring real estate appraisals used in connection with federally related transactions to be performed in writing, in accordance with uniform standards, by appraisers whose competency has been demonstrated and whose professional conduct will be subject to effective supervision.