[Anonymous]

I seem to recall that at one time a bank was able to use an appraisal done for another bank as long as the original bank agreed to release and/or transfer that appraisal. Is that still the case or did this change with the recent changes to the USPAP rules?

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[rcooper]

You can accept and use an appraisal assigned to you by another financial institution if you meet certain requirements such as proper consideration, evaluation and documentation. Take a look at the Interagency Appraisal and Evaluation Guidelines, found here in the Federal Register on page 77463: https://www.occ.gov/news-issuances/federal-register/75fr77450.pdf

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