FORUM PROFILE

Appraisal Transfers

Tagged: 

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #6488
    Bellisima424
    Member

    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?

    #6492
    rcooper
    Member

    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.