Industry News

Colorado may criminalize coercion of appraisers

Lawmakers plan bill targeting mortgage fraud
Published on Jan 9, 2007

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by CareyBot

Mortgage brokers would be expressly prohibited from compensating, coercing or intimidating real estate appraisers to obtain inflated appraisals under legislation proposed by the Colorado attorney general. The legislation, targeted at mortgage fraud, would also prohibit appraisers from knowingly submitting a ...