Transcription of Interagency Appraisal and Evaluation Guidelines
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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.
Dec 02, 2010 · 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. Regulation Z also prohibits a creditor from extending credit when it knows that the
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