The Federal Law of March 18, 2020 N 66-ФЗ "On Amending the Federal Law" On appraisal Activities in the Russian Federation "and Certain Legislative Acts of the Russian Federation" was adopted.

24 March 2020, Tuesday

The procedure for carrying out appraisal activities has been clarified.

The amendments, in particular: secured the rights of a legal entity that concluded an agreement with the customer to conduct an appraisal, to receive from the customer the information and documentation necessary to conduct the appraisal, as well as to refuse to conduct the appraisal and terminate the contract for its implementation if the customer did not provide providing the necessary information or working conditions corresponding to the contract;

clarified the deadline for applicants to re-pass the qualification exam in the field of appraisal activities and the conditions for issuing a qualification certificate;

resolved issues related to the reorganization of a non-profit organization having the status of a self-regulatory organization of appraisers;

the list of grounds for applying disciplinary measures against members of SRO appraisers has been expanded;

the rules governing the procedure for depositing to a notary public the property that makes up the SRO compensation fund are fixed in the absence of a national association of SRO appraisers during the liquidation of such an organization;

A list of information on the report on the valuation of property of the debtor, which is to be included in the Unified Federal Register of Bankruptcy Information, has been established.

SUBSCRIBE FOR NEWS
All content on this site is licensed under
Creative Commons Attribution 4.0 International