Common use of Appraisal Reviews Clause in Contracts

Appraisal Reviews. 1. All appraisal reports are subject to a technical appraisal review ordered by NRCS and conducted for compliance with appraisal instructions, USPAP and UASFLA if applicable, prior to acceptance by NRCS. 2. NRCS will order the technical appraisal review. 3. The technical reviewer is not assigned to the appraisal until it is received from the eligible entity. 4. The technical reviewer may contact the appraiser for clarification and minor corrections. 5. The appraisal will be returned through NRCS to the eligible entity if significant changes are necessary requiring a supplemental appraisal report as discussed in section H below. The technical reviewer will provide a technical appraisal review report not approving the appraisal and identifying the corrections or additions needed. 6. The technical reviewer will be available to the appraiser to assist in obtaining an acceptable appraisal report. 7. The supplemental appraisal report will be subject to a subsequent review.

Appears in 5 contracts

Samples: Cooperative Agreement, Cooperative Agreement, Cooperative Agreement

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