Uniform Standards of Professional Appraisal Practice definition

Uniform Standards of Professional Appraisal Practice means the current standards of the appraisal profession, developed for appraisers and users of appraisal services by the Appraisal Standards Board of the Appraisal Foundation.

Uniform Standards of Professional Appraisal Practice or "USPAP" means the appraisal standards promulgated by the appraisal standards board of the appraisal foundation.

Uniform Standards of Professional Appraisal Practice means the Uniform Standards of Professional Appraisal Practice adopted by the Appraisal Standards Board of the Appraisal Foundation.

Examples of Uniform Standards of Professional Appraisal Practice in a sentence

• An appraisal of the related Mortgaged Property was conducted in connection with the origination of such Mortgage Loan; and such appraisal satisfied either (A) the requirements of the "Uniform Standards of Professional Appraisal Practice" as adopted by the Appraisal Standards Board of the Appraisal Foundation, or (B) the guidelines in Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, in either case as in effect on the date such Mortgage Loan was originated.

• An appraisal of real property must be performed by a licensed or certified appraiser consistent with the Uniform Standards of Professional Appraisal Practice promulgated by the Appraisal Standards Board of the Appraisal Foundation.

• The appraisal requirements outlined in Part 24.103 are intended to be consistent with the Uniform Standards of Professional Appraisal Practice (USPAP).

• Applicants must submit with the full application a real estate “as is” appraisal that is a) dated no more than six (6) months from the full application deadline, b) prepared by an independent, state certified appraiser and c) complies with the Uniform Standards of Professional Appraisal Practice.

• Within 60 days of reservation, SDHDA will require submission of an appraisal that complies with Uniform Standards of Professional Appraisal Practice (USPAP) and a physical needs assessment.

More Definitions of Uniform Standards of Professional Appraisal Practice

Uniform Standards of Professional Appraisal Practice means the Uniform Standards of Professional

Uniform Standards of Professional Appraisal Practice means all of the following, if applicable:

Uniform Standards of Professional Appraisal Practice means those standards promulgated by the Appraisal Standards Board of the Appraisal Foundation for use by all appraisers in the preparation of appraisal reports.

Uniform Standards of Professional Appraisal Practice means the most recent standards approved and adopted by the Appraisals Standards Board of The Appraisal Foundation.

Uniform Standards of Professional Appraisal Practice means that term as defined in section 2601.

Uniform Standards of Professional Appraisal Practice or “USPAP” means the edition of the Uniform Standards of Professional Appraisal Practice promulgated by the Appraisal Standards Board of The Appraisal Foundation in force as of the date that a report of an appraisal was signed or communicated.

Uniform Standards of Professional Appraisal Practice means the Uniform Standards of Professional Appraisal Practice promulgated by the Appraisal Foundation and adopted by rule pursuant to the South Carolina Real Estate Appraisers Act.