§ 504 Commissioner Appraisal Authority

• •The boss (commissioner) can hire experts to check how much something is worth if it's used as security for a loan.
• •The bank or company that owns the thing must pay for this check when asked.
• •This can happen anytime if there's a good reason.

You own a house and use it to get a loan from the bank. The bank says the house is worth $300,000.

The boss might hire someone to check if the house is really worth $300,000. You (the bank) have to pay for this check if the boss asks.