S 2452, Is this the Governments Answer to Skippy?

[moh malekpour]

If the bond is going to be mandatory for appraisal practice, then we may not need to carry E & O insurance anymore.

 

[Greg Bell]

It's not the price of the bond , it's the liability.Everyone will sue everyone when some mystery reviewer says your appraisal (Which is an opinion) is off 10%.Who reviews the reviewer.This a good reason to bail out of appraising and learn to grow Beans and purchase ammo for the new economy coming.10 Trillion in debt cannot go on forever , looks like Germany , 1930's............

 

[Greg Bell]

Lenders are required to have bonds equal to 100% of their loans.
LO and MBs are required to have bonds equivalent to their gross proceeds on the loan.

I don't think a mortgage is an opinion.Suing for a small differential in opinions is a Lawyers dream