Appraisal Foundation Issues 3rd Exposure draft of USPAP 2022-23; Seeks Public Comments

Appraisal Foundation Issues 3rd Exposure draft of USPAP 2022-23; Seeks Public CommentsThe Appraisal Standards Board (ASB) of the Appraisal Foundation has released its 3rd Exposure Draft of USPAP 2022-23 and is seeking public comments regarding its proposed changes and updates by November 18th via SurveyMonkey or email at ASB@appraisalfoundation.org.

According to the exposure draft, the ASB is proposing several updates to improve the clarity and consistency of USPAP and is investigating whether any appraisal standards should be modified after appraisers have expressed concerns over remaining USPSP compliant when conducting evaluations and utilizing new methods and technology for subject property inspections.

The ASB said that based on the feedback it’s already received, it decided to withdraw earlier proposals related to evaluations and is now issuing new proposals related to inspections.

In addition, the ASB will be hosting a webinar on October 22nd at 1pm ET to further discuss this latest exposure draft, and those interested in attending can register here.

For more information, or to see the 3rd Exposure Draft of USPAP 2022-23 in its entirety, click here.

 

Source:
The Appraisal Foundation – appraisalfoundation.org

Topics: Lenders, Appraisers, AMCs, Compliance, Regulations, Appraisal Process Management, USPAP