Legal Advise from my attorney: After receiving the letter from LSI two weeks ago and the new mail from TSI. I took both to my attorney for review. Is advice to me was; make sure you have excellent insurance policies in place for at least $20 million. Based on the number and type of appraisal you do. If you sign either/or agreements with those appraisal management companies. Be sure that you have two policies. One for your person and one for the corporation. If these loans are sold to the fed and end up in a federal court. Your corporation is a stand alone entity, just like you are. You need coverage for both... Because you corporation can not cover your legal fee’s or lost if any. That is if you are both named in a law suit. His next words were, you may want to reconsider who you do business with and stay away from any that requires you to accept the responsibility if a loan should go bad. You can believe that they will sue any and all. With that sign agreement you are taking most of the risk. He said you risk can last the life time of the loan. He said he is looking for the E & O carriers to either drop their coverage of appraisers or the rates to go out site in the next few years as more and more claims are filed. He reminded me again that it is not the $ amount of the law suit so much, as the cost to defend that will get me. One branch of his law practice deals with bankruptcies and home owners who are up side down in their loans for those houses. He said business is double over last year at this time.