Ley 1673 de 2013 | Ley 1673 de 2013 — Colombia law | Esheria

Ley 1673 de 2013

This law regulates the activity of appraisers and sets out other provisions.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 1673 de 2013
Version
Undated source snapshot
Language
es
Updated
Official source
View official record ↗
appraisal appraisal registration appraisal services asset valuation association governance avaluación avaluadores bidding and tender processes client representation commencement competition compliance confidentiality conflicts of interest consumer protection corporate governance cumplimiento profesional cumplimiento regulatorio deberes del avaluador decision notice defense rights disciplinary compliance disciplinary measures disciplinary process +46 more

Statute overview

About this statute

This law regulates the activity of appraisers and sets out other provisions. This provision says the law regulates and assigns responsibilities and powers to appraisers in Colombia, aiming to reduce risks like unfairness, lack of transparency, and possible deception in valuations. From the law’s entry into force, people acting as appraisers, valuers, or tasadores in Colombia must follow this law and its implementing or complementary rules only. This article defines key terms used in the law, including valuation, corporate appraisal, appraiser, the open appraisers registry, and the real estate sector. The article lists example appraisal activities that an appraiser performs for tangible property and related valuation needs.

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