{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/54.1-2022.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/54.1-2022.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/54.1-2022.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/54.1-2022.1.html"}],"law_id":368016,"edition_id":2,"section_id":368016,"structure_id":52462,"section_number":"54.1-2022.1","catch_line":"Appraiser compensation","history":"2015, c. 422; 2017, c. 666.","full_text":"A\n\nAn appraisal management company shall compensate appraisers in compliance with § 129E(i) of the federal Truth in Lending Act (15 U.S.C. § 1601 et seq.) and regulations promulgated thereunder.\n\nB\n\nExcept in the case of breach of contract or noncompliance with the conditions of the engagement or performance of services that violates the Uniform Standards of Professional Appraisal Practice, an appraisal management company shall compensate the appraiser within 30 days of the initial delivery by the appraiser of the completed appraisal report.\n\n","order_by":null,"text":{"0":{"id":1369731,"text":"An appraisal management company shall compensate appraisers in compliance with § 129E(i) of the federal Truth in Lending Act (15 U.S.C. § 1601 et seq.) and regulations promulgated thereunder.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1369732,"text":"Except in the case of breach of contract or noncompliance with the conditions of the engagement or performance of services that violates the Uniform Standards of Professional Appraisal Practice, an appraisal management company shall compensate the appraiser within 30 days of the initial delivery by the appraiser of the completed appraisal report.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":52462,"edition_id":2,"name":"Real Estate Appraisal Management Companies","identifier":"20.2","label":"chapter","depth":3,"order_by":12,"parent_id":52439,"metadata":{"child_laws":6,"child_structures":0},"date_created":"2026-08-02 02:59:06","date_modified":"2026-08-02 12:34:56","permalink":{"id":1466887,"object_type":"structure","relational_id":52462,"identifier":"20.2","token":"54.1\/II\/20.2","url":"\/54.1\/II\/20.2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52439,"edition_id":2,"name":"Professions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":52436,"metadata":{"child_laws":392,"child_structures":60},"date_created":"2026-08-02 02:58:52","date_modified":"2026-08-02 12:34:52","permalink":{"id":1466417,"object_type":"structure","relational_id":52439,"identifier":"II","token":"54.1\/II","url":"\/54.1\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52436,"edition_id":2,"name":"Professions and Occupations","identifier":"54.1","label":"title","depth":1,"order_by":118,"parent_id":null,"metadata":{"child_laws":1282,"child_structures":163},"date_created":"2026-08-02 02:58:52","date_modified":"2026-08-02 12:34:51","permalink":{"id":1466315,"object_type":"structure","relational_id":52436,"identifier":"54.1","token":"54.1","url":"\/54.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":368013,"structure_id":52462,"section_number":"54.1-2020","catch_line":"Definitions","url":"\/54.1-2020\/","token":"54.1\/II\/20.2\/54.1-2020","metadata":false},{"id":368015,"structure_id":52462,"section_number":"54.1-2021","catch_line":"Exemptions","url":"\/54.1-2021\/","token":"54.1\/II\/20.2\/54.1-2021","metadata":{"court_decisions":{"0":{"name":"Commissioner of Highways v. Karverly, Inc.","case_number":"Record 170282","citation":"813 S.E.2d 322","date":"2018-05-10","url":"https:\/\/www.courtlistener.com\/opinion\/4496696\/commissioner-of-highways-v-karverly-inc\/","abstract":" .\u202f.\u202f. OPINION BY JUSTICE D. ARTHUR KELSEY .\u202f.\u202f. ","court_html":"SCV<\/abbr>"}}}},{"id":368014,"structure_id":52462,"section_number":"54.1-2021.1","catch_line":"Appraisal management companies; license required; posting of bond or letter of credit","url":"\/54.1-2021.1\/","token":"54.1\/II\/20.2\/54.1-2021.1","metadata":false},{"id":368017,"structure_id":52462,"section_number":"54.1-2022","catch_line":"Appraisal management companies","url":"\/54.1-2022\/","token":"54.1\/II\/20.2\/54.1-2022","metadata":{"court_decisions":""}},{"id":368016,"structure_id":52462,"section_number":"54.1-2022.1","catch_line":"Appraiser compensation","url":"\/54.1-2022.1\/","token":"54.1\/II\/20.2\/54.1-2022.1","metadata":false},{"id":368018,"structure_id":52462,"section_number":"54.1-2023","catch_line":"Penalty","url":"\/54.1-2023\/","token":"54.1\/II\/20.2\/54.1-2023","metadata":{"court_decisions":""}}],"previous_section":{"id":368017,"structure_id":52462,"section_number":"54.1-2022","catch_line":"Appraisal management companies","url":"\/54.1-2022\/","token":"54.1\/II\/20.2\/54.1-2022","metadata":{"court_decisions":""}},"next_section":{"id":368018,"structure_id":52462,"section_number":"54.1-2023","catch_line":"Penalty","url":"\/54.1-2023\/","token":"54.1\/II\/20.2\/54.1-2023","metadata":{"court_decisions":""}},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/54.1-2022.1\/","history_text":"

This law was first created in 2015. The record of its establishment is cataloged in chapter 422<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2017, chapter 666<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1466905,"object_type":"law","relational_id":368016,"identifier":"54.1-2022.1","token":"54.1\/II\/20.2\/54.1-2022.1","url":"\/54.1-2022.1\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/54.1-2022.1\/","token":"54.1\/II\/20.2\/54.1-2022.1","dublin_core":{"Title":"Appraiser compensation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 54.1-2022.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> An appraisal management company shall compensate appraisers in compliance with § 129E(i) of the federal Truth in Lending Act (15 U.S.C. § 1601 et seq.) and regulations promulgated thereunder. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Except in the case of breach of contract<\/span> or noncompliance with the conditions of the engagement or performance of services that violates the Uniform Standards of Professional Appraisal Practice, an appraisal management company shall compensate the appraiser within 30 days of the initial delivery by the appraiser of the completed appraisal report. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAPPRAISER COMPENSATION (\u00a7 54.1-2022.1)\n\nA. An appraisal management company shall compensate appraisers in compliance\nwith § 129E(i) of the federal Truth in Lending Act (15 U.S.C. § 1601\net seq.) and regulations promulgated thereunder.\n\nB. Except in the case of breach of contract or noncompliance with the conditions\nof the engagement or performance of services that violates the Uniform Standards\nof Professional Appraisal Practice, an appraisal management company shall\ncompensate the appraiser within 30 days of the initial delivery by the appraiser\nof the completed appraisal report.\n\nHISTORY: 2015, c. 422; 2017, c. 666.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}