Sec. 36a-760j. Prohibition against influencing real estate appraisals. - Connecticut Statutes

      Sec. 36a-760j. Prohibition against influencing real estate appraisals. A mortgage broker shall not influence real estate appraisals of residential property. For the purposes of this section, "influence residential real estate appraisals" includes, but is not limited to: (1) Refusal, or intentional failure, to pay an appraiser for an appraisal that reflects a fair market value estimate that is less than the sale contract price; or (2) refusal, or intentional failure, to utilize, or encouraging other mortgage brokers not to utilize, an appraiser based solely on the fact that the appraiser provided an appraisal reflecting a fair market value estimate that was less than the sale contract price.

      (P.A. 08-176, S. 81.)

      History: P.A. 08-176 effective July 1, 2008.