A federal judge in Nevada Nov. 7 said a state statute allows a bank to allege negligence by a real estate appraiser, rejecting claims that only state authorities can enforce the law (Bank of Las Vegas v. Cole).
Bank of Las Vegas sued Southwest Appraisal Associates for negligence. Bank of Las Vegas made a loan based on what it claimed was a faulty appraisal by Southwest Appraisal, saying it never would have made the loan had the appraisal been accurate.
Bank of Las Vegas alleged negligence per se under Section 645C.470 of the Nevada Revised Statutes, which holds ...
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