Indiana Code 6-1.1-35.7-5. Period of certification revocation; effect of revocation on contracts
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Sec. 5. (a) The department may revoke a certification issued under 50 IAC 15 for not more than three (3) years if the department determines by a preponderance of the evidence that the township assessor, county assessor, employee of the township assessor or county assessor, or appraiser violated any provision of this chapter.
(1) any contract for appraisal of property in Indiana that the appraiser has entered into is void; and
(b) If an appraiser’s certification is revoked:
Terms Used In Indiana Code 6-1.1-35.7-5
- Appraisal: A determination of property value.
- appraiser: has the meaning set forth in Indiana Code 6-1.1-35.7-1
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) the appraiser may not receive any additional payments under the contract.
(c) A contract entered into by an appraiser for appraisal of property in Indiana must contain a provision specifying that the contract is void if the appraiser’s certification is revoked under this chapter.
As added by P.L.112-2014, SEC.2; P.L.134-2014, SEC.4.