Practice question
Which valuation conduct is prohibited by Section 55.1(d)?
- A good-faith accurate valuation.
- Merely reading an appraisal.
- Documenting a genuine decline in value.
- Overvaluing or aiding overvaluation of security to influence a bank's actions.
- Refusing to inflate collateral.
Legal references
- RA8791, General Banking Law, Sections2 and55: https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html
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