Uniform Standards of Professional Appraisal Practice


Also found in: Acronyms, Wikipedia.

Uniform Standards of Professional Appraisal Practice (USPAP)

Requirements of the Appraisal Foundation (www.appraisalfoundation.org) regarding appraisal ethics, record keeping, methodology, research, reporting, and client interaction. The Standards have undergone recent revisions simplifying the appraisal process and conforming its practices to modern realities.

References in periodicals archive ?
ACCETTA, MAI, is a former chair of the Appraisal Standards Board, which is responsible for amending and interpreting the Uniform Standards of Professional Appraisal Practice.
A further criterion of a qualified appraisal is that it must conform to Uniform Standards of Professional Appraisal Practice (USPAP).
The Uniform Standards of Professional Appraisal Practice (USPAP) standardized the performance and reporting of business valuations.
Geographic competency is governed by the Competency Rule of the Uniform Standards of Professional Appraisal Practice (USPAP) and has been a topic of great discussion in the residential mortgage lending industry.
For this reason, it's crucial that supervisors require trainees to maintain work files that should be more robust than what's required by the Uniform Standards of Professional Appraisal Practice.
The work product shall be in conformity with the requirements of the Uniform Standards of Professional Appraisal Practice (USPAP) as adopted by the Appraisal Standards Board of the Appraisal Foundation.
At the Board hearing, Kokomo Mall presented an appraisal that was completed under the Uniform Standards of Professional Appraisal Practice (USPAP).
End users have access to a wealth of solutions that are compliant with HVCC, Uniform Standards of Professional Appraisal Practice (USPAP), FHA guidelines, Fannie Mae's electronic appraisal delivery standards and other industry guidelines and standards, according to Valligent.
The bill will require that all appraisals done for the Hope for Homeowners program must be conducted in accordance to Title XI of FIRREA and performed by an appraiser who meets the competency requirements of the Uniform Standards of Professional Appraisal Practice.
He addresses rent restrictions characterizing the Low Income Housing Tax Credit Program, the subsidy process, tax assessment issues, and the Uniform Standards of Professional Appraisal Practice requirements.
To earn the organization's AM or ASA designation, a CPA/ABV also must satisfy ASA experience and membership requirements, receive approval--after a rigorous peer review process--of two appraisal reports he or she has prepared and pass both an ethics examination and the Uniform Standards of Professional Appraisal Practice (USPAP) course and examination.
Additionally, Lenders One members will benefit from faster loan approvals and superior loan performance as every appraisal is underwritten to specific lender and investor guidelines as well as meets Uniform Standards of Professional Appraisal Practice (USPAP) requirements.

Full browser ?