AB 948: Real Estate Appraisals

Compliance Bulletin

AB 948 was chaptered on September 28, 2021, and among other things, will require a new notice provision on appraisals in real estate contracts and when refinancing a first lien purchase money loan secured by residential real property containing no more than four dwelling units that appraisals must be unbiased, objective and not influenced by improper or illegal considerations.

For more information, please view the Compliance Bulletin.