§ 239-c. Civil liability. Any person, firm, partnership, corporation, association or officer, director, employee, or agent thereof sustaining damages by reason of a knowingly misleading, deceptive or fraudulent appraisal may bring a civil action for actual damages together with costs, reasonable attorneys' fees and disbursements or an action to restrain an appraiser from violating the provisions of this article if it is found that such appraiser has willfully violated such provisions.

Terms Used In N.Y. General Business Law 239-C

  • Appraisal: A determination of property value.
  • Appraiser: shall mean any person or persons, firm, partnership, corporation or association or any officer, director, employee or agent thereof who purports to ascertain and state the true value of property. See N.Y. General Business Law 239
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
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