Discussing Appraisal only with Client

[Vivian Bachner]

Help!! What is the exact statute citation precluding the appraiser from discussing the report with anybody but the client or regulatory bodies etc. (not USPAP)
Thank you

PS. an attorney asked me

 

[OSU Beavers]

USPAP 2008–2009 ETHICS RULE

Be sure to bill him one hour minimum.

http://commerce.appraisalfoundation...folder/uspap_foreword/er_confidentiality_.htm

 

[Vivian Bachner]

$$$$ by the minute

 

[Michael Tipton]

Compliance with USPAP is incorporated in the Florida statute that regulates the appraisal industry. NJ may have a similar statute. A link to the confidentiality section of the Ethics Rule is included.

http://commerce.appraisalfoundation...folder/uspap_foreword/er_confidentiality_.htm

 

[Wayne Tomlinson]

There was a thread a few weeks ago the got quite lengthy. ( as many do)

This had to do with a two year old appraisal, the lender/client had gone out of business, and the prospective borrower wanted a copy of the appraisal.

As usual there was no final determination, but the general feeling was that there is no limit on the time, (especially for lawyers)

I tend to agree.

Wayne Tomlinson

 

[Dennis J. Black ASA IFAS]

Been many years since I was certified in NJ but the situation is simple the licensing statute for appraisers requires that they follow USPAP. Don't ask me to provide the statute # or I will be billing you.

 

[Rice Brewer]

There was a thread a few weeks ago the got quite lengthy. ( as many do)

This had to do with a two year old appraisal, the lender/client had gone out of business, and the prospective borrower wanted a copy of the appraisal.

As usual there was no final determination, but the general feeling was that there is no limit on the time, (especially for lawyers)

I tend to agree.

Wayne Tomlinson

There was a recent Q&A on this very topic and the answer was that our duty does not end because a client went out of business.

 

[Vivian Bachner]

Been many years since I was certified in NJ but the situation is simple the licensing statute for appraisers requires that they follow USPAP. Don't ask me to provide the statute # or I will be billing you.

Dennis, I was hoping for the statute

Thank you all for your help

 

[Restrain]

Don't forget Gramm-Leach-Bliley

 

[aussie ken]

Help!! What is the exact statute citation precluding the appraiser from discussing the report with anybody but the client or regulatory bodies etc. (not USPAP)
Thank you

PS. an attorney asked me

Vivian.....try the International Valuations Standards Committee web site