Arizona Appraisal Blog For Lenders! Its The Law - Undue Pressure On Appraisers By Lenders June 26th, 2007 11:32 PM UNDUE PRESSURE ON APPRAISERS BY LENDERS:  Appraisers report numerous instances where a lender has exerted undue pressure to come to a certain value or to change an appraisal when it should not be changed.  THIS IS A CLASS 6 FELONY.  Board statute, A.R.S. 32-3633. Undue Influence; Classification, states:  "A person who induces or influences the actions of an appraiser for purposes of securing an appraisal that is grossly misleading, or fraudulent, is guilty of a class 6 felony."  Appraisers are urged to contact the appropriate government agency that regulates the lender.  Visit the Arizona Department of Financial Institution's website at www.azdfi.gov to determine what government agency regulates the lender so that a complaint can be filed. Posted by Mark LaPore, Certified on June 26th, 2007 11:32 PMPost a Comment (0) Subscribe to this blog * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

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