S.L. 378.10 чл. 13AProperty valuation.

(1) The Director General shall ascertain that reliable standards for the valuation of residential immovable property for the purpose of credit agreements are developed in Malta.

(2) Creditors shall ensure that the standards referred to in sub-regulation (1) are used where they carry out a property valuation, or shall take reasonable steps to ensure that those standards are applied where a valuation is conducted by a third party.

(3) Where third parties or other authorities are responsible for regulating independent appraisers who carry out property valuations, the Director General shall ensure that they comply with the rules that are in place.

(4) The Director General shall ensure that internal and external appraisers conducting property valuations are professionally competent and sufficiently independent from the credit underwriting process relating to credit agreements so that they can provide an impartial and objective valuation, which shall be documented in a durable medium and of which a record shall be kept by the creditor.