An appraisal management company shall inform the Commission when the appraisal management company has a reasonable basis to believe that:
(1) an appraiser has:
(i) failed to comply with the Uniform Standards of Professional Appraisal Practice;
(ii) violated applicable laws; or
(iii) engaged in unethical or unprofessional conduct; and
(2) the appraiser’s conduct under item (1) of this section is likely to affect the value assigned to the consumer’s principal dwelling.
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