Mandatory reporting

N.Y. Executive Law § 160-NNNN, under Real Estate Appraisal Management Companies.

N.Y. Executive Law § 160-NNNN

§ 160-nnnn. Mandatory reporting. An appraisal management company that\nhas a reasonable basis to believe an appraiser within the appraisal\nmanagement company's appraisal panel is failing to comply with the\nuniform standards of professional appraisal practice, is violating\napplicable laws, or is otherwise engaging in unethical or unprofessional\nconduct shall immediately refer such matter to the department.\n