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NC Changed some Rules...One was significant

Carnivore

Thread Starter
Elite Member
Supporting Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
North Carolina Changed some rules that apply to NC appraisers and some others that effect Out Of State Appraisers

http://www.ncappraisalboard.org/RuleMaking.pdf Page 14 and 15

The one changed that caught my EYE is how they handle Complaints filed on NC Appraisers.

Up until now any complaint resulted in a Full investigation by the Board of the Appraiser's Report. The Full Monty no matter how frivolous the complaint.

Once they receive and open the complaint your notified and Required to send in your copy of the Report and your entire work file. Makes sense Right!

Well that has ended, sorta; Now they review(read) the Appraisal Report itself and if they see any USPAP Violations then it proceeds if not then they close the File. Essentially a Grand Jury Kind of operation. Bill or No Bill.

This is important because your annual E&O renewal could result in an increase in you policy cost. Additionally, Lenders often ask if you have had any complaints within a prior period of time

Progress! Sometimes its good other times not so good.
 

leelansford

Elite Member
Joined
Mar 29, 2002
Professional Status
Certified Residential Appraiser
State
Illinois
North Carolina Changed some rules that apply to NC appraisers and some others that effect Out Of State Appraisers

http://www.ncappraisalboard.org/RuleMaking.pdf Page 14 and 15

The one changed that caught my EYE is how they handle Complaints filed on NC Appraisers.

Up until now any complaint resulted in a Full investigation by the Board of the Appraiser's Report. The Full Monty no matter how frivolous the complaint.

Once they receive and open the complaint your notified and Required to send in your copy of the Report and your entire work file. Makes sense Right!

Well that has ended, sorta; Now they review(read) the Appraisal Report itself and if they see any USPAP Violations then it proceeds if not then they close the File. Essentially a Grand Jury Kind of operation. Bill or No Bill.

This is important because your annual E&O renewal could result in an increase in you policy cost. Additionally, Lenders often ask if you have had any complaints within a prior period of time

Progress! Sometimes its good other times not so good.
Certainly an appropriate change--no doubt about it.

I don't know how other states approach the situation, but, certainly this has been (and remains) the approach in IL.
 

USPAP Compliant

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
North Carolina Changed some rules that apply to NC appraisers and some others that effect Out Of State Appraisers

http://www.ncappraisalboard.org/RuleMaking.pdf Page 14 and 15

The one changed that caught my EYE is how they handle Complaints filed on NC Appraisers.

Up until now any complaint resulted in a Full investigation by the Board of the Appraiser's Report. The Full Monty no matter how frivolous the complaint.

Once they receive and open the complaint your notified and Required to send in your copy of the Report and your entire work file. Makes sense Right!

Well that has ended, sorta; Now they review(read) the Appraisal Report itself and if they see any USPAP Violations then it proceeds if not then they close the File. Essentially a Grand Jury Kind of operation. Bill or No Bill.

This is important because your annual E&O renewal could result in an increase in you policy cost. Additionally, Lenders often ask if you have had any complaints within a prior period of time

Progress! Sometimes its good other times not so good.
Some of the E & O folks ask if you have been disciplined.
 

Dale Floyd

Junior Member
Gold Supporting Member
Joined
Apr 14, 2007
Professional Status
Certified Residential Appraiser
State
Tennessee
That seems a more logical process to me.

In Tennessee, any complaint against an appraiser is forwarded to the state’s AG and the report and work file are “requested”. The report is reviewed professionally and any discrepancies are fair game for the commission to deal with.

The trouble with this - The complaint can literally be filed about anything - from anybody. There are crazy stories about complaints having nothing to do with an actual appraisal which turned in a several month fight. Seems overkill to many of us.

We have an honorable group at the Appraiser Commission, but the process/procedures need to be altered. Maybe the change in NC will rub off on other states.
 
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