Permits State Real Estate Appraiser Board to revoke, suspend, or fine appraisers or appraisal management companies who knowingly engage in discriminatory appraisals of residential property on basis of race or national origin.

This bill (S 2798) gives New Jersey's Real Estate Appraiser Board authority to revoke, suspend, or fine licensed appraisers and appraisal management companies that knowingly discriminate in residential property appraisals based on race, creed, color, or national origin. It directly affects appraisers and appraisal firms who engage in such discriminatory practices. The Board may take these actions after an investigation confirms violations, must provide written notice and a hearing opportunity under state law, and the law takes effect immediately. This creates specific enforcement tools to address discriminatory appraisal practices in housing.