N.J.S.A. 45:14F-33 — Applicability of act.

45:14F-33 Applicability of act. 7. The provisions of this act: a. shall apply to an appraisal management company in accordance with section 1124(a), (b) and (c) of Subtitle F of the Mortgage Reform and Anti-Predatory Lending Act of 2010, Pub.L.111-203, amending the Financial Institutions Reform Recovery and Enforcement Act (12 U.S.C. s.3353 (a), (b), (c)); and b. shall not apply to: (1) an employee relocation management company in the course of employee relocation pursuant to its relocation policy; or (2) a person or entity that exclusively employs appraisers on an employer and employee basis for the performance of appraisals for a variety of clients or intended uses of the appraisal other than mortgage lending consumer credit transactions secured by a consumer's principal dwelling. L.2017, c.72, s.7.

This is the verbatim text of N.J.S.A. 45:14F-33, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.