                                 CODE OF VIRGINIA

APPRAISER COMPENSATION (§ 54.1-2022.1)

A. An appraisal management company shall compensate appraisers in compliance
with &#xA7; 129E(i) of the federal Truth in Lending Act (15 U.S.C. &#xA7; 1601
et seq.) and regulations promulgated thereunder.

B. Except in the case of breach of contract or noncompliance with the conditions
of the engagement or performance of services that violates the Uniform Standards
of Professional Appraisal Practice, an appraisal management company shall
compensate the appraiser within 30 days of the initial delivery by the appraiser
of the completed appraisal report.

HISTORY: 2015, c. 422; 2017, c. 666.