Regulacje i polityka gospodarcza · 03/10/1994

Appraisals and Property Valuation; Final Rule

This final rule establishes minimum standards for real estate appraisals made by staff, fee panel and contract appraisers in determining the maximum insurable mortgage amount in most HUD/FHA single family (one-to-four family) and multifamily transactions; and establishes criteria for the selection of appraisers by mortgagees. The rule also distinguishes those appraisals that may be performed by state licensed appraisers from those that must be performed by state certified appraisers.