An appraisal management company shall inform the Commission when the appraisal management company has a reasonable basis to believe that: (1) an appraiser has: (i) failed to comply with the Uniform Standards of Professional Appraisal Practice; (ii) violated applicable laws; or (iii) engaged in unethical or unprofessional conduct; and (2) the appraiser's conduct under item (1) of this section is likely to affect the value assigned to the consumer's principal dwelling.
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