MAY 9, 2011 ILLINOIS INSTRUCTIONS REGARDING LENDER/CLIENT NAME This bulletin is to advise all Illinois appraisers of the state’s latest instructions to accommodate the new GSE Uniform Appraisal Dataset. If you have not reviewed the Illinois newsletter published in April, LSI recommends you review the document, paying particular attention to page eight. Effective immediately, please list the lender as the Lender/Client in the subject section of the appraisal report, along with the address of the lender as noted on the assignment order sheet. This rule will be enforced beginning May 1, 2011. On the appraisal report signature page, please list “LSI Appraisal, LLC” as the Lender/Client name, directly under the line where the appraised value is placed. On the company name and company address lines, please list the lender’s name and address. As noted on page nine of the newsletter, please add the “Appraiser Additional Certification”, as reported and quoted below: Pursuant to Section 11455 of the Illinois Administrative Code for Real Estate Appraiser Licensing, the following certifications are being added to this appraisal assignment: The “client” means the party or parties who engage an appraiser, by employment or contract, in a specific assignment. If an appraisal management company is the party engaging the appraiser, the appraisal management company is considered the client. The appraisal assignment has been ordered by an appraisal management company. They have been identified as the client in the Lender/Client section on the NAME line of the signature page. The lender has been identified in the Subject section on the Lender/Client line on page one of the appraisal report. Should you have any questions, please email George Vann, LSI Chief Appraiser at email@example.com.