1004D "prior involvement" disclosure

[ZZGAMAZZ]

It has been noted in various prior threads that the appraiser's "prior involvement" must be described on the certification page, per se, of a form report.

The FNMAE CE course in which I am enrolled indicates that the "prior involvement" disclosure also must be included in a 1004D even if the same appraiser and same client, although the 1004D addresses the "original appraisal."

Is the "prior involvement" statement required to be added to the 1004D signature (1-page) signature page? If so, where on the page, because the logical cell would spill over on to an addendum page, which wouldn't be signed, per se.

I'm hoping not to interpret the regs too literally although the AF has emphasized the importance of the location of the statement on the Certification page, per se.

Regards.

 

[andrew81]

the requirement is to inform the client and report it in the certifications. using an addendum titled additional certifications is acceptable

 

[Ariba]

What is so difficult to include a statement in the addendum of the 1004D that you did the original appraisal?

 

[DWiley]

It has been noted in various prior threads that the appraiser's "prior involvement" must be described on the certification page, per se, of a form report.

The FNMAE CE course in which I am enrolled indicates that the "prior involvement" disclosure also must be included in a 1004D even if the same appraiser and same client, although the 1004D addresses the "original appraisal."

Is the "prior involvement" statement required to be added to the 1004D signature (1-page) signature page? If so, where on the page, because the logical cell would spill over on to an addendum page, which wouldn't be signed, per se.

I'm hoping not to interpret the regs too literally although the AF has emphasized the importance of the location of the statement on the Certification page, per se.

Regards.

What type of 1004D? Update? Inspection Only? The answer to that makes a difference. An Appraisal Update requires a prior service statement in the report. If only for a completion/repair inspection, no requirement to address prior services in the report. See FAQ 290

The ASB has also said that as long as there is a signed certification, if you add another certification (to address prior services, for example), that additional cert doe snot have to have its own signature

 

[Dublin ohio]

Just add the USPAP compliance addendum. It has a place for a signature and if I am not mistaken. Everything contained within it would apply to a 1004D update.

 

[Jerry Bone Jr]

It has been noted in various prior threads that the appraiser's "prior involvement" must be described on the certification page, per se, of a form report.
The FNMAE CE course in which I am enrolled indicates that the "prior involvement" disclosure also must be included in a 1004D even if the same appraiser and same client, although the 1004D addresses the "original appraisal."
Is the "prior involvement" statement required to be added to the 1004D signature (1-page) signature page? If so, where on the page, because the logical cell would spill over on to an addendum page, which wouldn't be signed, per se.
I'm hoping not to interpret the regs too literally although the AF has emphasized the importance of the location of the statement on the Certification page, per se.
Regards.

The 1004D already has a line titled "Original Appraiser", so your "prior services" is already disclosed.

 

[ZZGAMAZZ]

The 1004D already has a line titled "Original Appraiser", so your "prior services" is already disclosed.

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All responses are greatly appreciated. As always the AF is a blessing!

 

[DWiley]

The 1004D already has a line titled "Original Appraiser", so your "prior services" is already disclosed.

Not really, since the prior appraisal may have been done by someone else.

And, there is also the possibility that the appraiser has performed more than one appraisal on the property in the past three years.

 

[ZZGAMAZZ]

The 1004D already has a line titled "Original Appraiser", so your "prior services" is already disclosed.

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Makes sense but it's not what the CE course says.

 

[ZZGAMAZZ]

the requirement is to inform the client and report it in the certifications. using an addendum titled additional certifications is acceptable

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The essence of the original post is that other threads have described the FNMAE requirement that the "prior involvement" statement must be included on the form page where an appraiser is required to sign, and not elsewhere in the report, in order to avoid a USPAP violation. If that is indeed accurate, the same premise should pertain to the 1004D. At least I think that is a logical correlation.