MS HB1342

Removes the 90-day exception that previously allowed appraisal management companies to remove independent appraisers from their panels without following procedural requirements during the first 90 days after the appraiser was added.

Requires appraisal management companies to provide written notice to appraisers being removed, including the specific reasons for removal and details about alleged illegal conduct, USPAP violations, or state licensing standard violations.

Allows appraisers to respond to removal notifications and file complaints with the state commission for review of removal decisions related to alleged illegal conduct, USPAP violations, or licensing violations.

Mandates the commission adjudicate appraiser complaints within 180 days and provide written findings with opportunities for both parties to respond if removal is determined to be improper.

Takes effect July 1, 2022.