58-2344. Authorized use of real estate values furnished to appraisers by lenders. - Kansas Statutes

58-2344

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 23.--MORTGAGES OF REAL PROPERTY

      58-2344.   Authorized use of realestate values furnished to appraisers by lenders.No lender, as defined in K.S.A. 58-2337, and amendmentsthereto, or any person acting on behalf of a lender shall disclose to anappraiser or other person engaged to determine the appraised value of realestate, the amount of a proposed real estate loan with the intentto influence the preferred or requiredvalue of any real estate intended to secure such loan.A lender may provide a copy of the sales contract for use by the appraiserin accordance with uniform standards of professional appraisal practice.

      History:   L. 2006, ch. 97, § 2;L. 2007, ch. 126, § 1; July 1.