California Codes, Business and Professions Code - BPC, Division 4 — Real Estate, Part 3 — Licensing and Certification of Real Estate Appraisers, Chapter 4 — Licenses and Certification Application, Section 11345.7
No person or entity preparing an appraisal or performing appraisal management functions in connection with the origination, modification, or refinancing of a mortgage loan shall have a prohibited direct or indirect interest, financial or otherwise, in the property or the transaction for which the appraisal or appraisal management functions are performed, within the meaning of Section 226.42(d) of Title 12 of the Code of Federal Regulations and the accompanying commentary contained in Volume 75 of the Federal Register, page 66554, dated October 28, 2010.
Notes
Prohibits any person or entity preparing an appraisal or performing appraisal-management functions for the origination, modification, or refinancing of a mortgage loan from having a prohibited direct or indirect financial or other interest in the property or transaction. The prohibited-interest standard is the one identified in the cited federal regulation and accompanying commentary.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 11345.7 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-3/chapter-4/section-11345-7