New Jersey S2798 allows the State Real Estate Appraiser Board to penalize appraisers or appraisal management companies for discriminatory appraisals.

New Jersey S2798 empowers the State Real Estate Appraiser Board to revoke, suspend, or fine appraisers or appraisal management companies found to have knowingly engaged in discriminatory appraisals of residential properties based on the race or national origin of the property buyer or holder. The board must notify the holder of the reasons for any disciplinary action and provide an opportunity for a hearing in accordance with the Administrative Procedure Act. This act aims to prevent discriminatory practices in real estate appraisals and ensures accountability for those who violate the law.

New Jersey S2798 allows the State Real Estate Appraiser Board to penalize appraisers or appraisal management companies for discriminatory appraisals.

New Jersey S2798 empowers the State Real Estate Appraiser Board to revoke, suspend, or fine appraisers or appraisal management companies found to have knowingly engaged in discriminatory appraisals of residential properties based on the race or national origin of the property buyer or holder. The board must notify the holder of the reasons for any disciplinary action and provide an opportunity for a hearing in accordance with the Administrative Procedure Act. This act aims to prevent discriminatory practices in real estate appraisals and ensures accountability for those who violate the law.