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A Delaware MLO offers an appraiser a payment to influence the appraiser’s independent judgment about property value. What does Delaware Regulation 2401 say about this conduct?

Correct Answer

D) It is prohibited

Delaware Regulation 2401 prohibits making a payment, threat, or promise to influence an appraiser’s independent judgment about the value of property.

Answer Options
A
It is allowed if disclosed to the borrower
B
It is allowed if the payment is under $500
C
It is allowed if the lender requested it
D
It is prohibited

Why This Is the Correct Answer

Delaware Regulation 2401 prohibits making a payment, threat, or promise to influence an appraiser’s independent judgment about the value of property.

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