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Topic 20. Hazards
March 28, 2019
This Chapter has been revised in its entirety.
a. Hazards
The property must be free of hazards which may:
adversely affect the health and safety of the occupants,
adversely affect the structural soundness of the dwelling and other improvements to the property, or
impair the customary use and enjoyment of the property by the occupants.
b. Prompt Notification of the Lender
The appraiser must notify the lender promptly when a hazard is identified so that the eligibility of the property may be addressed and, depending on the nature of the hazard, to provide as much time as possible to resolve the situation.