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