Current through P.L. 171-2024
Section 6-1.1-35.7-5 - Period of certification revocation; effect of revocation on contracts(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.(b) If an appraiser's certification is revoked:(1) any contract for appraisal of property in Indiana that the appraiser has entered into is void; and(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.Added by P.L. 134-2014, SEC. 4, eff. 7/1/2014.Added by P.L. 112-2014, SEC. 2, eff. 7/1/2014.