- This topic has 1 reply, 2 voices, and was last updated 8 years, 7 months ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
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?
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
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.