Property Valuation
In Tennessee, an appraiser who knowingly makes a fraudulent appraisal may face:
AOnly TACLB disciplinary action
BTACLB disciplinary action, civil liability, and potential criminal fraud charges✓ Correct
COnly a fine from the lending institution
DNo penalty if the appraisal was for a private transaction
Explanation
Appraisal fraud is a serious offense. Tennessee appraisers who commit fraud face disciplinary action by TACLB (license revocation), civil liability to injured parties, and potential federal and state criminal charges, particularly in federally related transactions.
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