234. In order to mitigate any conflict of interest sufficiently, institutions should take …

In order to mitigate any conflict of interest sufficiently, institutions should take reasonable steps, e.g. via contractual terms, to ensure that valuers who are going to carry out the actual appraisal of a given property and their first-degree relatives meet all of the following conditions:

• a. they are not involved in the loan application, assessment, decision or administration;
• b. they are not guided or influenced by the borrower’s creditworthiness;
• c. they do not have an actual or potential conflict of interest regarding the property in question, the valuation process and the result of the valuation;
• d. they do not have any direct or indirect interest in the property;
• e. they are not related to either the buyer or the seller of the property.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/