Sec. 20-320b. Prohibition against influencing real estate appraisals. Violation, penalty. - Connecticut Statutes

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Statutes > Connecticut > Title20 > Chap392 > Sec20-320b

      Sec. 20-320b. Prohibition against influencing real estate appraisals. Violation, penalty. (a) A real estate broker or real estate salesperson licensed under this chapter shall not influence residential real estate appraisals. For the purposes of this section, "influence residential real estate appraisals" includes, but is not limited to, refusal or intentional failure to refer a homebuyer, or encouraging other real estate brokers or real estate salespersons not to refer a homebuyer, to a mortgage broker, as defined in section 36a-760, or a lender, as defined in section 36a-760, based solely on the fact that the mortgage broker or lender uses an appraiser who has provided an appraisal reflecting a fair market value estimate that was less than the sale contract price.

      (b) Violations of subsection (a) of this section shall be subject to the actions and penalties set forth in section 20-320.

      (P.A. 08-176, S. 82.)

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

State Codes and Statutes

Statutes > Connecticut > Title20 > Chap392 > Sec20-320b

      Sec. 20-320b. Prohibition against influencing real estate appraisals. Violation, penalty. (a) A real estate broker or real estate salesperson licensed under this chapter shall not influence residential real estate appraisals. For the purposes of this section, "influence residential real estate appraisals" includes, but is not limited to, refusal or intentional failure to refer a homebuyer, or encouraging other real estate brokers or real estate salespersons not to refer a homebuyer, to a mortgage broker, as defined in section 36a-760, or a lender, as defined in section 36a-760, based solely on the fact that the mortgage broker or lender uses an appraiser who has provided an appraisal reflecting a fair market value estimate that was less than the sale contract price.

      (b) Violations of subsection (a) of this section shall be subject to the actions and penalties set forth in section 20-320.

      (P.A. 08-176, S. 82.)

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

State Codes and Statutes

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State Codes and Statutes

Statutes > Connecticut > Title20 > Chap392 > Sec20-320b

      Sec. 20-320b. Prohibition against influencing real estate appraisals. Violation, penalty. (a) A real estate broker or real estate salesperson licensed under this chapter shall not influence residential real estate appraisals. For the purposes of this section, "influence residential real estate appraisals" includes, but is not limited to, refusal or intentional failure to refer a homebuyer, or encouraging other real estate brokers or real estate salespersons not to refer a homebuyer, to a mortgage broker, as defined in section 36a-760, or a lender, as defined in section 36a-760, based solely on the fact that the mortgage broker or lender uses an appraiser who has provided an appraisal reflecting a fair market value estimate that was less than the sale contract price.

      (b) Violations of subsection (a) of this section shall be subject to the actions and penalties set forth in section 20-320.

      (P.A. 08-176, S. 82.)

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