673.317 - Approval of appraiser by Commissioner required; limitations; revocation; notice of termination of services. - Nevada Statutes

673.317  Approval of appraiser by Commissioner required; limitations; revocation; notice of termination of services.  No loan may be made upon the appraisement of, nor may compensation for any appraisement be paid to any appraiser, officer or member of any committee who has not been first approved in writing by the Commissioner for the association. The approval is subject to such limitations as the Commissioner provides, and may be revoked for cause by the Commissioner, after giving due notice to the appraiser and the association and holding a hearing. The association shall give notice in writing to the Commissioner of the termination of the services of any appraiser within 15 days of the termination.

      (Added to NRS by 1959, 540; A 1961, 770; 1963, 468; 1983, 1786; 1987, 1970)