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Interagency Appraisal and Evaluation Guidelines

Interagency Appraisal and Evaluation Guidelines (December 2, 2010) Interagency Appraisal and Evaluation Guidelines Table of Contents I. Purpose .. 1 II. Background .. 1 III. Supervisory Policy .. 2 IV. Appraisal and Evaluation Program .. 2 V. Independence of the Appraisal and Evaluation Program .. 3 VI. Selection of Appraisers or Persons Who Perform Evaluations .. 5 A. Approved Appraiser List .. 6 B. Engagement Letters .. 6 VII. Transactions That Require Appraisals .. 7 VIII. Minimum Appraisal Standards .. 7 IX. Appraisal Development .. 10 X. Appraisal Reports .. 10 XI. Transactions That Require Evaluations.

Dec 02, 2010 · 13 Refer to USPAP Standards Rule 1-5(a) and the Ethics Rule. 14 For mortgage transactions secured by a consumer’s principal dwelling, refer to 12 CFR 226.36(b) under Regulation Z (Truth in Lending) through March 31, 2011. Also refer to 12 CFR 226.42, which is mandatory beginning on April 1, 2011.

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