For the valuation of residential immovable property to enter into an MCD credit agreement:
[Note: article 19(1) of the MCD]
An MCD creditor must ensure that:
internal and external appraisers conducting property valuations are professionally competent and sufficiently independent from the credit underwriting process so they can provide an impartial and objective valuation; and
property valuations are documented in a durable medium.
[Note: article 19(2) of the MCD]