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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 59, § 59-858-819: Violations of act

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Where this section sits in the code
  1. OK Code
  2. Title 59

A. Appraisal Management Companies shall comply with the

appraisal independence requirements of Section 129E(a) through (i)

of the Truth in Lending Act, 15 U.S.C., Section 1639e(a) through

(i), and regulations thereunder.

B. It shall be unlawful and a violation of the Oklahoma

Appraisal Management Company Regulation Act for any employee,

partner, director, officer, or agent of an AMC to influence or

attempt to influence the development, reporting, result, or review

of an appraisal through coercion, extortion, collusion,

compensation, inducement, intimidation, bribery or in any other

manner, including but not limited to:

1. Withholding or threatening to withhold timely payment or

partial payment for an appraisal with the exception of a substandard

or noncompliant appraisal;

2. Withholding or threatening to withhold, either expressed or

implied, future business from, or demoting or terminating or

threatening to demote or terminate an appraiser;

3. Promising, either expressed or implied, future business,

promotions, or increased compensation for an appraiser;

4. Conditioning an assignment of an appraisal or the payment of

an appraisal fee or salary or bonus on the opinion, conclusion, or

valuation to be reached, or on a preliminary estimate or opinion

requested from an appraiser;

5. Requesting that an appraiser provide an estimated,

predetermined, or desired valuation in an appraisal, or provide

estimated values or comparable sales at any time prior to the

appraiser's completion of an appraisal;

6. Providing to an appraiser an anticipated, estimated,

encouraged, or desired value for a subject property or a proposed or

target amount to be loaned to the borrower, except that a copy of

the sales contract for purchase transactions may be provided;

7. Providing to an appraiser, or any entity or individual

related to the appraiser, stock or other financial or nonfinancial

benefit or thing of value;

8. Allowing or directing the removal of an appraiser from an

appraiser panel, or the addition of an appraiser to an exclusionary

list of disapproved appraisers used by any entity, without prior

written notice to such appraiser;

9. Any other act or practice that impairs or attempts to impair

an appraiser's independence, objectivity, or impartiality;

10. Submitting or attempting to submit false, misleading, or

inaccurate information in any application for registration or

renewal;

11. Failing to timely respond to any subpoena or any other

request for information;

12. Failing to timely obey an administrative order of the

Board; or

13. Failing to fully cooperate in any investigation.

C. Nothing in subsection B of this section shall be construed

as prohibiting the AMC from requesting that an appraiser:

1. Provide additional information about the basis for a

valuation including consideration of additional comparable data; or

2. Correct objective factual errors in an appraisal.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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