Indiana Code 25-34.1-11-13. Service requests; record requirements
(1) The person making the service request.
Terms Used In Indiana Code 25-34.1-11-13
- appraisal: has the meaning set forth in Indiana Code 25-34.1-11-1
- Appraisal: A determination of property value.
- appraisal management company: means a person that, for compensation, acts as a third party intermediary by contracting with independent real estate appraisers to perform appraisals for other persons. See Indiana Code 25-34.1-11-2
- appraisal management services: means any of the following functions:
Indiana Code 25-34.1-11-3
- person: means an individual engaged in a trade or business, an association, a partnership, a limited partnership, a limited liability company, a corporation, or a similar entity. See Indiana Code 25-34.1-11-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Real estate: means any right, title, or interest in real property. See Indiana Code 25-34.1-1-2
- real estate appraiser: means a person who:
Indiana Code 25-34.1-11-6
(3) The property to be appraised.
(4) The real estate appraiser who performed the appraisal.
(5) A copy of the appraisal produced for the service request.
(6) The individuals who reviewed the appraisal.
(7) The date on which the appraisal was delivered to the person who made the service request.
(8) The costs and fees for the appraisal management services performed by the appraisal management company.
(9) The costs and fees for the appraisal performed by the real estate appraiser.
(b) An appraisal management company shall keep the records described in subsection (a) for not less than six (6) years after the date specified in subsection (a)(2).
As added by P.L.77-2010, SEC.2.