California Military and Veterans Code Section 986.7
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California Laws > Military and Veterans Code > California Military and Veterans Code Section 986.7
986.7. Before the purchase of any property by the department there
shall be filed with the department (1) an appraisement of the market
value of the property by an employee or an authorized agent of the
department or (2) in lieu of the appraisal by the department, the
department may accept an appraisement of the market value of the
property by either the Federal Housing Administration or the Veteran'
s Administration, and in addition there may be filed with the
department an appraisement of the market value of the property by an
authorized appraiser of a banking corporation formed under the laws
of this state or of a national banking association having a place of
business in this state. Each appraisement shall be certified by the
maker thereof. The certification shall state that it is made in good
faith, and that the valuation is honestly determined and represents
the bona fide opinion of the maker.
Section: 986.7
Last modified: February 22, 2013
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