Massachusetts H405 updates real estate appraiser record retention requirements.
Massachusetts H405 amends the General Laws to update the record retention requirements for real estate appraisers. Appraisers must now retain originals or true copies of all written contracts and reports for at least five years after preparation or two years after final disposition of any related judicial proceeding, whichever is later. This change aims to ensure that appraisers maintain adequate documentation for a sufficient period.
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